2 Storey Detached House in Timmins! Assigned

  • $79,999
  • 2 beds
  • 1 baths

2 Storey Detached House in Timmins!

Fix and Flip or Rental Opportunity

$40K BELOW Market Value!

Laidlaw St

Laidlaw Street, Timmins, Ontario

Closing Date: May 18th, 2023

** Realtors bring us a client and add your commission on top of the purchase price**

About the Property

Fantastic opportunity for flippers or investors looking to add a buy and hold to their portfolio. This 2-story 1203sq/ft detached property is currently in mid renovation, however needs some work to get it to its full value. This property hosts 2 bedrooms, and 1 bathroom. The kitchen and first-floor flooring have been updated recently but a buyer may want to upgrade them with better finishes. There is also a leak in the air vent which would need to be replaced. The electrical has been updated and is running off a breaker panel and the wiring throughout is copper. This property is perfect for an investor looking for a spring fix and flip or BRRR project.

About the Neighbourhood 

The subject property is situated in a conveniently located neighborhood in Timmins. The subject property is surrounded by a variety of amenities. Highway 101 is only a 3-minute drive away. Food Basics, Dollarama, Walmart, LCBO, and more are located within a 15-minute drive. The Timmins transit terminal is only a 3-minute drive away. Timmins/Victor M. Power Airport is only a 16-minute drive away. Property Details

  • Detached 2 storey
  • 2 bedrooms as per MPAC (main floor has 1 bedroom, second floor loft used as bedroom)
  • 1 bathroom
  • 1203 sqft above grade
  • Crawl space basement
  • Breaker panel & copper wire
  • The tankless water heater is 2 years old and owned.
  • The furnace is owned and is at least 7 years old.
  • There is no A/C
  • The roof was redone 12 years ago.
  • Windows are dated
  • Gravel driveway for two spots
  • Built-in 1938
  • Property taxes are $2097/year
  • Lot size is 30ftx100ft

Recommended Renovations

  • Full cosmetic renovation
  • Replace roof  and fix air vent where there is currently a leak
  • Consider updating the windows
  • General Landscaping
  • 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 & Flip or Rental Opportunity.

  • Wholesale Price: $79,999
  • We believe that this property is worth $120,000 “as-is” on the MLS
  • We believe that after a full cosmetic renovation this property will sell for around $220,000 on the MLS
  • Buy now for 40K BELOW market value!

Comparable Analysis

  • 266 Dale Ave sold for $222,000 in January 2023. This comparable is a 1 storey bungalow while the subject property is a 2 storey home. The comparable has 2 bedrooms and 2 bathrooms, while the subject property only has 1 bathroom. The lot size is slightly larger on the comparable at 30x108ft. The assessed value of the comparable is $118,000 while the subject property is assessed at $111,000. Based on these factors we believe after a full renovation, the subject property would sell for at least $220,000 on the MLS.
  • 216 1st Ave sold for $155,000 in February 2023. This comparable is a semi detached property, and has 4 bedrooms and 2 bathrooms. The comparable sits on a 33ft x 120ft lot and is assessed at a value of $122,000, as per MPAC. The property also sides onto commercial and has limited parking. After adjustments, we believe the property is worth $120,000 as is, on the MLS.
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Need Financing?
Looking for a construction cost estimate?

SLG Renovations will manage the construction of this project from start to finish. If you’re looking for an estimate please email info@slgrenovations.ca
View our past projects here

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.
Timmins, ON
Lot Size:
30ft x 100ft
Assignment of Contract
Property Type:
Year Built:

Call 647-930-0291 for more details