Location:
Brampton Ontario, Canada
Bungalow Price:
$488K
Handover:
Immediate
An exceptional opportunity for builders and renovators. This solid brick bungalow sits on a unique lot that widens to over 77 ft at the rear, offering immense potential for a custom rebuild or a full-scale renovation.
The Potential:
- The Lot: Expansive rear width provides a massive backyard for luxury amenities.
- The Structure: Solid brick bungalow with an attached garage; ideal for a full-scale “gut and rework.”
- The Value: Positioned in a family-oriented pocket with soaring comparable values.
This is a “speed-to-market” deal at this price, it is designed for a quick close and high ROI.
Bungalow Specifics:
- Acre: 42.6 x 108.01 Feet
- Apx Sqft: 1100-1500
- Rooms: 6
- Bedrooms: 3
- Washrooms: 3
- Kitchen: 1
- Basement: Finished/Separate Entrance
- A/C: Central Air
Why This Deal Stands Out:
Priced at a rare $488K with a unique 77ft-wide rear lot, this property offers immediate possession and a massive equity gap for a high-ROI rebuild or renovation.
Considerations:
Canadian property prices have been declining over the past few years. Given current geopolitical uncertainties, slowing GDP growth, weak population growth, rising unemployment, and persistent food inflation, a meaningful recovery in Canadian real estate may still be several years away.
In our view, the most effective strategy is to invest with a long-term horizon while prioritizing assets that generate strong and sustainable yields