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Drew Street, Oshawa, Ontario
Offer Date: FIRST COME FIRST SERVED
Closing Date: October 3rd, 2025
**The Seller has the option to extend closing to November 3 2025 if notice is given to the Buyer by September 12th, 2025**
***Seller is open to closing earlier as well***
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
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Full interior refresh – Install new finishes, repaint throughout, upgrade to modern fixtures, update lighting to boost the property’s ARV.
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High-impact updates – Renovate the kitchen and bathrooms, replace flooring, address watermarks in the master bedroom, and eliminate any pet odor to maximize market appeal.
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Exterior improvement – Improve the landscaping and replace the roof to attract retail buyers and support a top-end resale price.
Property Overview
Details
- 1.5 Storey Detached
- Beds: 3
- Baths: 1
- Basement rough-in provides potential for an additional bathroom
- 1211 sqft above ground + 650 sqft below ground
- Unfinished basement
- No separate entrance
- Ceiling height approximately 6 ft throughout
- No garage
- Built in 1927
Mechanical & Systems
- Electrical: Breaker – Copper wiring
- Furnace: owned, 7 years old
- A/C: owned, 3 years old
- Hot Water Tank: rental to be assumed, 7 years old
- Appliances included: fridge, stove, washer, dryer in AS IS condition
Roof & Exterior
- Roof is dated, likely needs new shingles soon (per seller)
- Windows:
- Upstairs windows replaced 4 years ago (per seller)
- All other windows are 10-15 years old (per seller)
Lot & Location
- 36 ft x 95 ft lot
- Property taxes are approx. $4,009
- 5-minute drive to HWY 401
- 10-minute drive to Oshawa GO Station
- Zoning R2
Important Notes
- Pet smell throughout, not bad, but noticeable
- Water stain on master bedroom ceiling from a previous leak that has since been repaired
- Seller has the option to leave junk behind—budget recommended for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip or Duplex opportunity.
- Wholesale Price: $419,999 or Best Offer
- We believe that this property is worth $475,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $615,000 on the MLS.
- Purchase today for $55K BELOW MARKET VALUE
Comparable Analysis |
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- 247 Gliddon Avenue sold for $530,000 in July this year. It features a 4+1 bedroom, 2-bath layout on a 36 ft x 100 ft lot, with a similar footprint of 1100-1500sqft (as per listing). Both homes are dated and in need of a full renovation. However, the comparable benefits from a garage, one additional bedroom both above and below grade, and one extra bathroom compared to the subject property. In addition, this comparable has exterior siding instead of brick exterior that the subject property has. After making the necessary adjustments, we estimate that, As Is, the subject property would sell for approximately $475,000 on the MLS today.
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- 500 Drew Street sold for $505,000 just 7 days ago after only 12 days on the MLS! It features 3 bedrooms, 2 bathrooms and sits on a 50 ft x 110 ft lot, with a comparable footprint of 1,100–1,500 sq ft (as per listing). The home is in slightly better condition than the subject property, having received minor cosmetic kitchen updates and an additional bathroom. After making the necessary adjustments, we estimate the subject property would sell As Is for approximately $475,000 on the MLS today.
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- 110 Warren Ave sold for $665,000 in June 2025 after only 15 days on the MLS! It features 2 bedrooms, 1 bathroom, and sits on a similar 33 ft x 107 ft lot with a smaller footprint of 700–1,100 sq ft (as per listing). The home has been fully updated and renovated throughout, with the exception of the basement. Like the subject property, it does not have a garage, but it has one fewer bedroom than the subject. After the recommended renovations are completed, we estimate the subject property would sell for approximately $615,000 on the MLS.
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