Detached House in Oshawa! Assigned

  • $689,999
  • 4 beds
  • 2 baths

Detached House in Oshawa!

Fix and Flip or Rental Opportunity

$60K BELOW Market Value!

Madison Avenue
Madison Avenue, Oshawa, Ontario

Closing Date: July 10th, 2023

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

About the Property

Checkout this detached 1.5 Storey in Oshawa in need of a full renovation to bring it back to its glory! The upstairs features 4 bedrooms with a full bathroom. The primary bedroom has ceiling tiles that are starting to drop. We would recommend removing these tiles and replacing with drywall. There is carpet on the main floor and basement that we would recommend replacing along with the wood panelling in the basement. There was water proofing done on the property and weeping tile put in. This property is perfect for an investor looking for a summer fix and flip project or BRRR.

About the Neighbourhood 

The subject property is situated in the McLaughlin neighbourhood of Oshawa and is located about a 2 minute drive North of the 401. Highway 401 connects Oshawa with other major cities in Southern Ontario such as Toronto and Bowmanville. Durham College is only a 10 minute drive away from the property. There are countless amenities near the subject property including the Oshawa centre, Starbucks, Tim Hortons, Canadian Tire, Superstore, LCBO, restaurants, and much more. The subject property is also only a 4 minute drive to the Oshawa Regional Hospital.

Property Details

  • Detached 1.5 Storey House
  • 4 bedrooms
  • 2 bathrooms
    • 1 full bathroom
    • 1 half bathroom
  • 1807 sqft above grade
  • 740 sqft below grade
  • Ceiling height above 6.2ft under the bulkhead
  • Property taxes are about $4839
  • Breaker panel, copper wiring
  • Built in 1949
  • 2 car driveway
  • The A/C and Furnace were purchased this year
  • HWT is a rental
  • Roof redone in 2010, as per seller
  • Windows were redone in 2015 except for the back bay window which is older
  • 60ft x 181ft
  • R1 Zoning

Recommended Renovations

  • Full cosmetic renovation
  • Some landscaping
  • Remove carpet throughout
  • Add drywall where there is wood panelling and ceiling tile
  • 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: $689,999 or Best Offer
  • We believe that this property is worth $750,000 as-is on the MLS
  • We believe that after a minor cosmetic update this property should be worth at least $850,000 on the MLS.
  • Purchase today for $60K BELOW MARKET VALUE

Comparable Analysis

  • 97 Park Road North sold for $680,000 in May 2023. This comparable consists of 4 bedrooms 3 bathrooms and comes with a detached garage. The comparable is larger in size but is 100+ years old and sits on a smaller lot size. The property is unfinished in some rooms with no drywall on the walls. Therefore, after adjustments, and depending on finishes, we believe this property would sell for at least $750,000 “as-is” on the MLS.
  • 332 Leslie Street sold for $735,000 in May 2023. This comparable consists of 3 bedrooms 2 bathrooms and is similar in size as the subject property. The comparable is dated throughout and sits on a much smaller lot size. The comparable property is older in age than the subject property. Therefore, after adjustments, and depending on finishes, we believe this property would sell for at least $750,000 “as-is” on the MLS.
  • 423 Fairleigh Avenue sold for $890,000 in May 2023. This comparable is a 4 bed 3 bath property and is bigger in size as per house sigma but sits on a smaller lot size. It has been nicely renovated throughout with a double wide driveway. Therefore, after adjustments and a full cosmetic renovation, we believe this property would sell for at least $850,000 on the MLS..
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Need Financing?
Looking for a construction cost estimate?

SLG Renovations will manage the construction of this project from start to finish. If you’re looking for an estimate please email
View our past projects here

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.
Lot Size:
60ft x 181ft
Assignment of Contract
Property Type:

Call 647-930-0291 for more details