Detached Backsplit in Orangeville! Assigned

  • $584,999
  • 3 beds
  • 2 baths

Detached Backsplit in Orangeville! 

Fix and Flip or Rental Opportunity

$65K BELOW Market Value!

Victoria Street

Victoria Street, Orangeville, Ontario

Closing Date: April 19th, 2023
*The buyer agrees to pay the sellers legal fees up to $1,500*

About the Property

Checkout this detached backsplit in Orangeville that underwent some renovations now looking for someone to continue and implement the final touches! This property consists of 3 bedrooms 2 bathrooms with one of the bathrooms having a stand up shower and a standalone tub setup. The floors are all down to the subflooring and all drywalls and ceiling is up. The kitchen has no cupboards and the upstairs bathroom has no fixtures in place. The walls are ready to be taped, mudded, sanded and painted and flooring is ready to be installed. The owner opened up the main area making it open concept but all load bearing walls are still up. This property is perfect for a beginner or experienced investor looking for a fix and flip or rental project in the great city of Orangeville!

About the Neighbourhood 

The subject property is situated in the South part of Orangeville. Orangeville is located about 30 minutes North West of Brampton. The go station in Brampton connects to other major cities such as Toronto and Kitchener. Highway 400 is located about 20 minutes West of Orangeville. The subject property is a 5 minute drive to the Orangeville hospital. Surrounded by countless amenities such as gas stations, grocery stores, McDonalds, Tim Hortons, Beer Store, Restaurants, Pubs and much more.

Property Details

  • Detached Backsplit
  • 3 bedrooms
    • Previously 4 bedroom as per MPAC but seller took down wall in basement to make it more open concept
  • 2 bathrooms
  • 1093 squarefeet above grade
  • 520 squarefeet below grade
  • Partial basement
    • 1/3 is a crawl space
    • Walkout to basement
    • Basement ceiling height is 7ft and 6.5ft under the bulkhead
  • Fully re-insulated and re-wired in the past 7 years
  • Roof was redone in 2014
  • Windows were redone in 2016, top ones are all in great condition
  • Furnace was purchased in 2006
  • HWT was purchased in 2013
  • A/C was purchased in 2008
  • Breaker panel and copper wiring
    • 125 AMP
    • ESA inspection provided in photos and more
  • Handshake agreement with the seller to leave materials behind at no cost to the buyer, buyer to verify
  • Property taxes are about $4464
  • Built in 1972
  • Lot size 48t x 125ft
  • Zoning is R2

Recommended Renovations

  • Complete the kitchen and bethroom
  • Mud and paint the drywall
  • Put flooring down
  • Consider finishing up the basement
  • Seller has the option to leave junk behind so we would recommend budgeting for junk removal
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP or Rental Opportunity.

  • Wholesale Price: $584,999
  • We believe that this property is worth $650,000 “as-is” on the MLS
  • We believe that after a cosmetic renovation this property should be worth at least $775,000
  • Buy now for 65K BELOW market value!

Comparable Analysis

  • 19 Cardwell Street sold for $676,000 in February 2023. The comparable bungalow consists of 3 bedrooms 1 bathroom and is dated throughout. The comparable is slightly bigger in size but sits on a smaller lot size.  After adjustments, we believe the subject property would sell for around $650,000 in “as is” condition.
  • 54 Orange Street sold for $750,000 in March 2023. This detached bungalow consists of 2+1 beds and 1 bath and is similar in size than the subject property. The comparable presents itself better than the subject property but is still dated in parts of the home. The comparable sits on a slightly larger lot size and has a detahced garage. Upon completing the work on the subject property, and depending on finishes, we believe subject property would sell for around $775,000 on the MLS.
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Need Financing?
Looking for a construction cost estimate?

SLG Capital will manage the construction of this project from start to finish. If you’re looking for an estimate please email

If You’re Interested….

Email us at or call Jocelyn at 647-930-0291. Jocelyn can answer any questions you have and set up a time to view the property.


Please Do Not Go Directly to the Property


Disclaimer: The contents of this email are for informational purposes only. We are not home inspectors or appraisers. Please ensure you do your own due diligence.
Orangeville, Ontario
Assignment of Contract
Property Type:
Year Built:

Call 647-930-0291 for more details