| Centre St N, Whitby
Offer Date: FIRST COME FIRST SERVED
Closing Date: November 28, 2025
*Seller has the option to shorten closing to November 3, 2025 if notice is provided by October 15, 2025.*
*The Buyer agrees to provide a further deposit of $10,000 directly to the Seller, 5 business days after waiving all conditions in the Schedule A. Only in the event the Seller defaults on his obligations under this agreement the Sellers lawyer must provide a deposit mortgage/charge in favour of the Buyer and that upon the date of registration of such charge, title to the subject property is satisfactory to the Buyers lawyer acting reasonably. The Seller shall pay all costs associated with the registration of the deposit mortgage. The mortgage shall not bear interest unless and until the Seller defaults on his obligations under this agreement at which the mortgage shall bear interest at a rate of 8%.*
*Realtors bring us a client and add your commission on top of the purchase price*
Strategies For Success
- Full Cosmetic Renovation – replace all flooring, kitchen, bathroom, washrooms, add potlights throughout, and replace windows to bring the property back to it’s former glory.
- Remediate Smoker’s smell throughout the house.
- Reconfigure layout to a 3 bedroom layout upstairs – the previous homeowners removed all upstairs bedrooms walls to create one large bedroom and bathroom. As per the MPAC report, the property is considered a 4 bed layout. After viewing the property, we believe the upstairs can be comfortably reconfigured to 3 bedrooms.
Property Overview
Property Details:
- Detached Bungalow
- 4 Bedrooms, as per MPAC
- Upstairs bedrooms walls have been removed to create 1 large bedroom, which can easily be reconfigured in our opinion into a 3 bedroom layout.
- 2 full bathrooms
- 1018 sqft above grade
- 1018 sqft below grade
- No separate entrance
- Finished basement, 7ft ceiling throughout, 6ft under bulkhead
- No garage
- Built in 1958
- *Smokers House*
Mechanical & Exterior
- Electrical: Breaker with copper wiring
- Furnace: Owned, installed in 2013, well maintained and in good working condition, as per seller.
- AC: Looks dated, still in good working condition, about 10-15 years old as per seller.
- HWT: Owned, replaced this year.
- Pool: liner was replaced 4 years ago, pump system and heater about 3 years old, as per seller.
- Deck: Plastic vinyl, some small bumps in the vinyl.
- Windows: 20 years old, likely need to be replaced.
- Roof: Looks to be in decent shape, 20 years old.
Lot & Location
- Property taxes are approx. $4,635
- 8-minute drive to HWY 401/412
- 55ft ft x 100 ft lot
- R2 zoning
Important Notes
- Budget for Junk Removal – seller has the option to leave junk behind
- Smokers House
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip or rental opportunity.
- Wholesale Price: $574,999 or Best Offer
- Based on recent comparable sales, we estimate that this property is worth $650,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $800,000 on the MLS.
- Purchase today for $75K BELOW MARKET VALUE
Comparable Analysis |
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- 1009 Centre St N sold for $710,000 in May 2025. The comparable property has 3 bedrooms and 1 bathroom, whereas the subject property’s original layout consists of an additional bedroom and bathroom. Both the subject property and comparable property do not have a garage, and both properties sit on a similar sized lot. The comparable property is likely smaller in comparison to the subject property based on the photos. Both properties have a finished basement with no separate entrances, however this comparable does not have an in ground pool, whereas the subject property does. The comparable property is dated, however it is very maintained and move-in ready. After making the appropriate adjustments, we believe the subject property would sell for $650,000 in as-is condition on the MLS today.
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- 1005 Walton Boulevard sold for $815,000 in June 2025. This comparable has 3+1 bedrooms and 2 bathrooms, similar to the subject’s property’s original layout. The listing states this comparable has a 3 car garage, however upon inspecting the pictures, it is evident there is no garage, which the subject property also lacks. The comparable property has a bigger lot, with dimensions of 52×150, whereas the subject property is slightly smaller. Both properties are likely similar in size, based on the listing estimate. The comparable properties basement was renovated in 2020 and the upstairs is modern and well kept, however the property does lack an in ground pool, something the subject property comes equipped with. After making the appropriate adjustments and completing an up-to-date renovation, we believe the subject property would sell for at least $800,000 on the MLS.
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- 329 Cochrane Street sold for $800,000 only 2 days ago! The comparable property has 3+2 bedrooms and 2 bathrooms – just one additional bathroom in comparison to the subject property’s original layout. The comparable property and subject property likely have a similar square footage, based on the MLS estimate. The comparable property has a carport, whereas the subject property does not have a garage/carport. The comparable property also has a separate entrance to the basement, whereas the subject property does not. The comparable property is fully renovated throughout, with a kitchen in the basement as well. Both the subject and comparable property have in ground pools in the backyard. After making the appropriate adjustments and completing a full renovation, we believe the subject property would sell for $800,000 on the MLS.
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