Spacious Lakeview Home on a Quiet Crescent
Investors, this is a prime flip opportunity! This large 5-bedroom, 3-bathroom Lakeview home offers 2,169 sq ft of living space across three levels, plus a finished basement. With an updated kitchen and key upgrades like new windows, furnace, AC, and garage doors, it’s a solid foundation. Add new flooring and a few strategic cosmetic improvements, and this home could command $375+/sq ft, delivering a strong ROI. Don’t miss this chance to maximize your return!
Features & Recent Work Completed
- New kitchen cabinets & lighting
- New windows (80% changed)
- New furnace & water heater
- New A/C unit
- New shingles, soffit, fascia
- New deck & fence
- New overhead doors
- Large 24'x28' garage
- Wood burning fireplace
- 4' Crawl space for extra storage
- Low maintenance landscaping
Comparables
Sold & Active Listings in the Last 90 days
Option 1: Low Cost Reno
- Interior paint
- New base & trim
- 2nd story flooring
- Update lighting
- 2x 2pc bath renos (toilet/vanity)
- 1x 4pc bathroom (tub/shower, toilet, vanity)
- Appliances (F/S/M/DW)
- Pressure wash exterior
Cost: $60-75K
Option 2: Full Modern Reno
- Convert master 1/2 bath into full bath
- 1x 4pc bathroom (tub/shower, toilet, vanity)
- 2pc bath reno (toilet/vanity)
- Replace remaining original windows (20%)
- Replace exterior doors
- Upgrade lighting throughout
- 2nd story flooring
- Remove stucco - install Hardie siding
- Upgrade trim, base & interior doors
- Replace basement carpet
- Appliances (F/S/M/DW)
Cost: $150-175K
Potential Sale Price
Depending on the renovation completed and quality of work completed, we would expect to fetch the following numbers.
Option 1: Low Cost Reno
- 2169 Sq Ft
- 5
- 3
- 2 Car Att.
$679-699
Option 2: Full Modern Reno
- 2169 Sq Ft
- 5
- 3
- 2 Car Att.
$799-829K
Potential Profit
Option 1: Low Cost Reno
$34-69K
Option 2: Full Modern Reno
$54-109K
Disclaimer: The comparables provided are based on sales within the last 0 to 120 days and current listings from Realtor.ca. Estimated renovation costs and potential sale prices are projections derived from previous projects and may vary. It is strongly recommended that potential investors conduct their own research and analyze comparables thoroughly to ensure the profitability of their project.