2 Storey Link House Fix and Flip in Markham! Assigned

  • $874,999
  • 3 beds
  • 3 baths
  • 1518 sqft

Fix & Flip or BRRR Opportunity

$75K BELOW Market Value!

Tangmere Crescent

Tangmere Crescent, Markham, Ontario

Offer Date: August 3rd, 2022
Closing Date: August 31st, 2022

About the Property

This 2 Storey Link house consists of 3 bedrooms, 1 full bathroom and 2 half bathrooms. The house is approximately 1518 sqft and has an unfinished basement. The property is extremely outdated and would need a full renovation. The bathroom upstairs has a mould problem due to poor ventilation and would need new drywall. The windows throughout the house are dated and need to be updated. The property is very intriguing as it does not have any backyard neighbours and backs onto a park. This property is perfect for an experienced investor looking for a fall fix and flip project!

About the Neighbourhood 

The subject property is situated in a charming and quiet neighbourhood in Markham. Surrounded by parks and schools this area is perfectly situated for families or young professionals. Markham is situated north east of Toronto and close to other major cities such as Richmond Hill, Scarborough, Vaughan, Pickering and others. The subject property is located south of the 407 and north of the 401. This property is close to countless amenities such as Costco, Walmart, T&T Supermarket, Pacific mall, LCBO, Canadian Tire, and much more.

Property Details

  • Detached 2 Storey House
  • 3 bedrooms
  • 3 bathrooms
    • 1 full bath and 2 half baths
  • 1518 sqft above grade
  • 781 sqft below grade
  • Basement is unfinished with no separate entrance and 9ft ceiling
  • Attached 1.5 car garage
  • Property taxes are about $4272
  • HWT is a rental
  • Furnace and A/C are owned
    • Furnace is 17 years old
    • A/C is 20 years old
  • Roof was replaced 2012
  • Garage door replace in 2018 and works well
  • Windows are original but in good condition
  • Foundation is poured concrete
  • Breaker Panel
    • Copper Wiring
  • Built in 1983
  • 30ft x 111ft
  • RSD4 Zoning

Recommended Renovations

  • Full cosmetic update
  • Consider updating the A/C and Furnace
  • Fix the mold in the bathroom
  • Considering removing the popcorn ceiling
  • Seller has the option to leave contents behind so we recommend budgeting for junk removal
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.

  • Wholesale Price: $874,999 or Best Offer
  • We believe that this property is worth $950,000 as-is on the MLS
  • We believe that after a small cosmetic renovation this property should be worth at least $1,200,000 on the MLS
  • Purchase today for $75K BELOW MARKET VALUE!!

Comparable Analysis

  • 61 Chichester Road soldfor $930,000 in July 2022. This comparable is a link house and consists of 3 beds 1.5 bath. The comparable is smaller in size and only has a 1 car garage. The comparable is outdated throughout and would require a full cosmetic update to maximize ARV.  Therefore, after adjustments,  we believe the subject property would sell for at least $950,000 “as-is” on the MLS.
  • 9 Ashmore Crescent sold for $1,320,000 in June 2022. This comparable is a link house and consists of 3+2 beds and 3.5 baths. Similar to the subject property the comparable has a two car garage. The basement is finished with an apartment and the property has been renovated throughout with modest finishes. We believe after adjustments and a full cosmetic renovation, the subject property should sell for at least $1,200,000 on the MLS.
  • 47 Stirling Crescent sold for $1,460,000 in July 2022. This comparable is a link house and consists of 4+2 beds and 4 baths. The comparable is slightly bigger in size than the subject property but sits on a similar lot size. The comparable has been nicely renovated throughout and comes with a separate kitchen in the basement. We believe after adjustments and a full cosmetic renovation, the subject property should sell for at least $1,200,000 on the MLS.
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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

Markham, ON
Square Feet:
Lot Size:
30 ft by 111 ft
Assignment of Contract
Property Type:
Year Built:

Call 647-930-0291 for more details