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Claremore Avenue, Scarborough
Offer Date: FIRST COME FIRST SERVE
Closing Date: December 3rd, 2025
**The Buyer will provide a $10,000 deposit directly to the seller two business days after waiving all conditions. In the unlikely event of a Seller default, a deposit mortgage/charge will be registered by the sellers lawyer in the Buyer’s favor, with title approved by the Buyer’s lawyer. The Seller will cover the mortgage registration costs, and an interest rate of 15% will apply only in the event of default.**
*Realtors bring us a client and add your commission on top of the purchase price*
Strategies For Success
- Full Interior Renovation and Flip – Add significant value through interior upgrades, including fresh paint, kitchen renovation, new flooring, and contemporary fixtures and finishes, enhancing both marketability and return on investment.
- Duplex Potential – Ideal for investors seeking strong returns, with the opportunity to convert into a legal duplex and generate multiple income streams.
- Landscaping Improvements – Enhance curb appeal by trimming back overgrown bushes and grass, removing weeds from the interlock brick, and restoring the yard to a clean, well-maintained condition that complements the home’s upgrades
Property Overview
Property Details:
- Detached Bungalow
- 3 bedroom
- 1 bathroom upstairs
- Stand alone shower in basement
- 918 sqft above grade & 918 sqft below grade
- Basement is finished
- Ceiling height is 7′ throughout, 6′ under bulkhead
- Separate basement entrance from side of house
- No garage
- Built in 1952
- Siding Exterior
- No cracks in foundation
Mechanical & Exterior
- Electrical: Breaker panel (Buyer to verify wire and amperage)
- Furnace: Owned, 20+ years old
- A/C: Owned, 20+ years old
- HWT: Owned, 20+ years old
- Appliances included: washer dryer in AS IS condition
- Roof redone in 2010 (as per seller)
- Windows redone in 2010 (as per seller)
Lot & Location
- 40 ft x 120 ft lot
- Property taxes are approx. $3,762
- 20-minute drive to DVP
- 20-minute drive to HWY 401
Important Notes
- Budget for Junk Removal – seller has the option to leave junk behind
- There is a smoke odour throughout the house, mostly downstairs
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip or rental opportunity.
- Wholesale Price: $639,999 or Best Offer
- We believe that this property is worth $700,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $830,000 on the MLS.
- Purchase today for $60K BELOW MARKET VALUE
Comparable Analysis |
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- 131 Claremore Avenue sold for $750,000 in July this year. This comparable has a 2+1 bedroom, 1 bath layout with a 1 car detached garage. As per the listing, the comparable is 700-1100 sqft and sits on a slightly smaller lot at 33 ft x 120 ft lot. The comparable has a brick exterior, detached garage, and kitchenette in the basement, which the subject does not. The comparable, however, does not have a separate entrance to the basement. After making the necessary adjustments, we estimate the subject property would sell for approximately $700,000 in its current as-is condition on the MLS today.
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- 121 Sandown Avenue sold for $825,000 in September of this year. This comparable has a 2+1 bedroom, 2 bath layout with a 1 car detached garage. As per the listing, the comparable is 700-1100 sqft and sits on a slightly smaller lot at 36 ft x 125 ft. The comparable has a brick exterior and detached garage, which the subject property has siding exterior and has no garage. The interior of this comparable is in better condition than the subject property but still requires cosmetic updates. After making the appropriate adjustments, we estimate the subject property would sell for approximately $700,000 in its current as-is condition on the MLS today.
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- 52 Marsh Road sold for $880,000 in June of this year. This comparable features a 2+1 bedroom, 2 bathroom layout with a 1-car attached garage. According to the listing, it offers 700–1,100 sqft of living space on a 40 ft x 108 ft lot, which is slightly smaller than the subject property. It has a brick exterior and a finished basement apartment, both of which add value compared to the subject. The home has been cosmetically renovated throughout, with the basement finished more recently and to a higher standard than the main level. After making appropriate adjustments and completing the recommended renovations, we estimate the subject property would achieve a value of approximately $830,000 on the MLS.
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