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Publicly listedPosted 3 months ago

$400K Spread Vaughan Detached. Easy Reno. Only $899K!

Thornhill, ON L4J 7H3

Asking Price

$899,000

3

Beds

4

Baths

2,381

Sq ft

2-storey detached

Type

Listed on MLS and shown here with a PrivateDeals opportunity analysis. PrivateDeals is not the listing brokerage.

About this property

Who’s looking for a profitable property? Flippers can renovate this home and expect a $400K spread. Or, for less work, simply wholetail it! The house is already in good shape and has an updated kitchen. Most of all what it needs is junk removal and a clean! While fully renovated properties are selling above $1.35M and even into the $1.4Ms, properties in similar condition to this one (except cleaned and staged) are consistently selling over $1.25M! That would give you over a $300K spread for a quick and easy wholetail! Built in the late 80’s the house has good bones and cosmetically many things have already been updated including the Kitchen! The nearly finished basement has a separate entrance through the garage, keeping the possibility of a future rental conversion or house-hacking strategy open. SUMMARY: LOCATION: Thornhill, ON (Dufferin St. & Center St.) PURCHASE PRICE: $899,000 Or Best Offer (2.5% co-op included for agents) AFTER REPAIR VALUE: $1,300,000+ (check out the comp from 3 weeks ago that sold for $1.46M!!) CLOSING: September 15, 2026, (This is an assignment sale.) TYPE: 2-storey detached BEDS/BATHS: 3+1 beds / 2 full and 2 half baths PARKING: 2 driveway spaces and 2 garage spaces BASEMENT: Full, nearly finished, ~6ft 5 ceiling height, separate entrance through garage SQFT: 2,381 LOT: 33′ x 100′ AGE: 1987 PROPERTY TAX: $6,008 (2025) POSSESSION: Vacant possession on closing GOOD NEWS: 300K spread for an easy wholetail! Separate garage entrance to a nearly finished basement with 2-unit potential Attractive kitchen with high-end appliances that primarily needs a deep clean Quite neighbourhood with mature trees Great location with convenient access to schools, major highways, and transit LISTING ID: 0726-THO-F01 MORE PICTURES and our contact info are here:

Opportunity analysis

Opportunity score

0 / 10

Recommended strategy

Fix & Flip|Rental

Automated estimate generated from listing data. Not a property valuation or investment advice.

Facts and features

Property type

2-storey detached

Status

For Sale

Square feet

2,381 sq ft

Lot size

33' x 100'

Parking

2 driveway spaces and 2 garage spaces

Basement

Full, nearly finished, ~6ft 5 ceiling height, separate entrance through garage

Separate entrance

Yes

Mortgage calculator

Full calculator

20.0%

0%
20%
50%
100%

Monthly payment (principal + interest)

$4,817

Down payment

$179,800

Mortgage amount

$719,200

Rate · amortization

6.5% · 25 yrs

Canadian semi-annual compounding. Add CMHC & land transfer tax →

Cash flow analysis

Full rental analysis

/month

What it would rent for, all units combined

%

= $179,800 · linked to the mortgage calculator

/mo

Est. 1.2% of price a year

/mo

Repairs, condo fees

Monthly cash flow

NET / MOAdd the rent

Enter the rent to see if this home pays for itself.

Rent needed to break even

$5,716/mo

Mortgage (P+I)

−$4,817

Property tax

−$899

Asking Price

$899,000

Interested in this property?

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