Detached Bungalow in Georgetown! Assigned

  • $649,999
  • 3 beds
  • 2 baths

Detached Bungalow in Georgetown!

Fix and Flip or Duplex Opportunity

$80K BELOW Market Value!



Cleaveholm Drive, Georgetown, ON

Closing Date: February 7th, 2024

**Buyer to pay the sellers legal fees up to $2000.00**

** Realtors bring us a client and add your commission on top of the purchase price**

About the Property

Looking for a flip just outside of the GTA? Don’t miss out on this opportunity. This bungalow consists of 3+1 beds and 2 bathrooms. The property sits on a 55ft x 100ft lot and is approximately 1626 sqft. There is a garage that has been converted into a workspace, and finished throughout with walls and carpeting. Cosmetically the property could use a full interior renovation. The basement is unfinished and has the potential for a separate entrance by sectioning off the landing. This property would be perfect for a investor looking to end winter with a Home Run flip or an investor looking for a rental with multi-unit potential.

About the Neighbourhood 

The property is located in Georgetown, approximately 40 minutes northwest of Toronto. Georgetown is located 10 minutes north of Hwy 401 and Ninth Line. Being positioned just outside of the GTA, Georgetown has become a great residential area as well as a great area for families leaving the GTA. Georgetown also has its own Go Transit train station located only 4 minutes away from the subject property for those looking to commute to work. This property is located perfectly close to all amenities including FreshCo, Canadian Tire, Walmart, LCBO, Winners, restaurants, and more!

Property Details

  • Detached bungalow
  • 3+1 bedrooms
  • 2 bathrooms
  • Approximately 1626 sqft above grade
  • 1055 sqft below grade
  • Built in 1955
  • Electrical is on Breakers
    • Subpanel located in the garage area
    • Copper wiring throughout the house as per seller
  • Appliances included
    • Fridge, Stove, Dishwasher, Washer, Dryer
  • The primary bathroom mirror is not included in the sale of the property
  • Unfinished basement
    • 7ft-7.5ft ceiling height, 6.8ft under bulkhead (buyer to verify)
  • Furnace is owned
    • Furnace was installed prior to the buyer purchasing the property 7 years ago. Age is unknown but in good working condition as per seller
  • A/C is owned
    • From around 2010 (Buyer to verify)
  • HWT is a rental
    • Rental to be assumed by Buyer
    • Installed in 2015
  • Roof was redone in 2015 as per seller
  • Windows redone in 2014 as per seller
    • excludes basement and master bedroom windows
  • Attached garage has been converted into living space
    • Finished with walls and carpet
    • Has a gas stove
  • Sunroom area is not insulated
    • Has baseboard heater (not connected to hydro)
  • Property taxes are approximately $4127
  • Lot size is 55ft x 100ft
  • Zoning LDR1-2(MN)

Recommended Renovations

  • Cosmetic renovation
  • Replace basement and master bedroom windows
  • Address issue with stairs located in the landing area
  • The 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 opportunity.

  • Wholesale Price: $649,999
  • We believe that this property is worth $730,000 as-is on the MLS
  • We believe that after a full cosmetic renovation, this property should be worth at least $870,000 on the MLS. If a legal basement apartment is added there is potential for an ARV to be above $900,000
  • Purchase today for $80K BELOW MARKET VALUE

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.
Assignment of Contract
Property Type:

Call 647-930-0291 for more details