Basics
- Date added: Added 1 month ago
- Category: Ottawa
- Bedrooms: 3
- Bathrooms: 1
Description
-
Description:
4-Season Waterfront Property with Excellent ARV!
Flip or Hold | Cosmetic Value-Add | Year-Round Access
$100K+ Under Market Value
đTheresa Ln. & Gibson Rd.
Lanark Highlands, ONđ„Â WHOLESALEÂ PRICE OFÂ $250,000đ„
WALKTHROUGH: TBD
Please reach out to Jami if you are interested in viewing the propertyđMAP HERE!
Waterfront opportunities at this price point donât come along often! This 4-season waterfront property with 3-beds and 1-bath is priced ~$100k below market value, presenting a compelling opportunity for investors looking to capitalize on strong after-repair value.
Whether your strategy is a flip, rental property, or a long-term hold, the combination of waterfront frontage, year-round usability, and built-in equity creates multiple paths to strong returns. With excellent ARV potential and increasing demand for waterfront properties, this is the type of investment that rarely stays available or long.We are selling our assignable purchase contract.
Closing is August 21st, 2026
**Buyer agrees to clean out the property**PROPERTY FEATURES
- Detached home built in 1972Â (as per MPAC)
- 992 sq ft above grade (as per MPAC)
- 3Â bedrooms:
- Decent sized bedrooms
- Located on the main floor
- 1 bathroom
- 4-piece bathroom on the main floor
- Basement: partially finished. 1,296 sq ft (as per MPAC)
- Flooring: carpet, linoleum
- Wood burning fireplace located in the living room
- HWT: electric, owned (Buyer to verify)Â
- Furnace: owned (Buyer to verify)
- A/C: rented, 10 years old (as per Seller)
- Roof: tin, 10 years old (as per Seller)
- Windows: vinyl, about 20 years old (Buyer to verify)
- 100 AMP breaker panel
- Private well. Pump replaced about 20 years ago (Buyer to verify)
- Septic pumped about 5 years ago (Buyer to verify)
- Backyard: waterfront. Located on Taylor Lake in Lanark. Lovely quiet lake.
- 3 car driveway
- Lot dimensions: 188.78 ft x 200.00 ft (as per MPAC)
WHATÂ are the details?Wholesale Price:Â $250,000
We believe this property is worth ~$350,000 as-is on the MLS.
Comparables:
775 Darling Concession 7 Rd: Sold in Nov 2025 for $380,000.Â
This property is on a small lake, 2-bed, 1-bath with a tin roof. The house is in decent condition, but does not have a a finished basement, lot size is slightly bigger at 110Ă230 ft. Ours has 1 more baths.154 Proulx Ln:Â Sold in Jun 2026Â for $593,000.Â
This property is on a large lot (25 acres), with 3-beds, 2-baths. The house is the similar size to our property but was built 5 years ago and is on solar. Ours has 1 less bathroom, and the house sits directly on the water, with a nice lot.WHEN is it happening?Offer Deadline: Friday, July 17th 2026 @ 5pm
Closing: August 21st, 2026WHO do I contact?HOW do I finance this property?We receive many questions regarding financing a wholesale property. Most traditional lenders will not finance the assignment fee included in the purchase price. We understand that this means it could be difficult to find financing in some cases. Because of this we have teamed up with Calvert Home Mortgage to provide you with the ability to finance the entire purchase price, INCLUDING the assignment fee.
Receive 50 basis points OFF Blissâs mortgage broker fee if you work with Calvert direct (i.e. no external mortgage broker) for any Bliss wholesale deal. (Only eligible for âBlissâ wholesale deals where net new borrowers come direct to Calvert (i.e no external mortgage broker)). Forward this email to a Calvert Underwriter or Katarina #416-799-2553 (katarina.jarossy@chmic.ca) on your first email to Calvert to redeem. Canât be redeemed after initial conversation â some conditions apply. Financing is not guaranteed until due diligence is complete.
For more information and contact info regarding Calvert Mortgages, please click HERE.
HOW do I do it?We have a very easy process! If you are interested in the property, contact Jami to schedule a walkthrough or discuss making an offer.
DO NOTÂ visit the property without a scheduled appointment.
DO NOT share or post any information about this property without permission
Realtors, add your commission amount and bring us a buyer!
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