2 Storey Detached House in Bracebridge! Assigned

  • $399,999
  • 3 beds
  • 2 baths

2 Storey Detached House in Bracebridge! 

Fix and Flip or Rental Opportunity

$85K BELOW Market Value!

Edward Street

Edward Street, Bracebridge, Ontario

Closing Date: April 6th, 2023

About the Property

Check out this 2 storey detached house consisting of 2 bedrooms and 2 bathrooms. The owner took down one of the walls making this previous 3 bedroom home into a 2 bedroom with a big primary bedroom. There is an exposed chimney upstairs with tilted ceilings but no issues with leaks. There is a wood fireplace in the back extension of the house that works well. There are some rotting planks on the deck that need to be replaced. The kitchen and bathroom are both dated and would require a full cosmetic renovation. This property is perfect for a beginner or experienced investor looking to add a fix and flip or BRRR property to their portfolio.

About the Neighbourhood 

The subject property is situated close to downtown Bracebridge. The property is located down the street from Bracebridge falls and and about a 5 minute drive to the South Muskoka Memorial Hospital. The property is close to countless amenities such as restaurants, shops on the downtown strip, Home Depot, Walmart, A&W, Tim Hortons, Shoppers Drugmart and much more. Bracebridge is located 2 hours North of Toronto and makes a great short term rental opportunity given the proximity to trails and outdoorsmanship activities.
Property Details

  • 2 Storey Detached
  • 2+1 bedrooms
    • The primary bedroom is two bedrooms converted into one
    • One bedroom in the basement
  • 2 bathrooms
    • 1 full washroom
    • 1 half washroom
  • 1508 squarefeet above grade
  • 936 squarefeet below grade
  • Full basement
    • 6ft2″ under the last step
    • 7ft ceiling height
    • Unfinished laundry room
    • Stone foundation
  • Roof was redone in 2012
  • Windows are old and dated but in good condition as per the seller
  • Oil tank and needs to be replaced
  • Plumbing is copper and ABS
  • Breaker panel, copper wiring
  • No A/C
  • HWT is owned
  • Built in 1907
  • Lot size is 66ft by 264ft
  • Zoning is R1

Recommended Renovations

  • Full cosmetic renovation
  • Replace the oil tank
  • Redo the deck
  • 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 or Rental Opportunity.

  • Wholesale Price: $399,999
  • We believe that this property is worth $485,000 “as-is” on the MLS
  • We believe that after a cosmetic renovation this property should be worth at least $600,000
  • Buy now for 85K BELOW market value!

Comparable Analysis

  • 151 Dill Street sold for $549,000 in September 2022. This 2 storey detached house consists of 3 bedrooms 2 bathrooms and is smaller than the subect property. The comparable presents itself nicer than the subject property but is still dated throughout. The comparable sits on a smaller lot size than the subject property. Therefore, after adjustments and taking into consideration the market shift, we believe the subject property would sell for around $485,000, in “as is” condition.
  • 231 Dill Street sold for $515,000 in September 2022. The comparable property is a 2 storey detached that consists of 3 bedrooms 2 bathrooms and has an attached garage. The comparable is dated throughout but larger in size than the subject property. The comparable sits on a smaller lot size than the subject property. Therefore, after adjustments and taking into consideration the market shift, we believe the subject property would sell for around $485,000, in “as is” condition.
  • 56 Spencer Street sold for $599,056 in December 2022. This 2 storey detached house consists of 3 bedrooms 2 bathrooms and is smaller in size than the subject property. It has been decently updated in some parts of the home but dated in others. The comparable is older in age than the subject property and sits on a smaller lot size. Therefore after a full renovation, and depending on finishes, we believe the subject property would sell for a price around $600,000.
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Need Financing?
Looking for a construction cost estimate?

SLG Capital will manage the construction of this project from start to finish. If you’re looking for an estimate please email info@slgcapital.ca

If You’re Interested….

Email us at info@slgpropertydeals.ca 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.
Bracebridge, ON
Assignment of Contract
Property Type:
Year Built:

Call 647-930-0291 for more details