By December 3rd, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $50K BELOW Market Value!
Closing Date: January 10th, 2022

**Due to COVID-19 restrictions sight unseen offers are preferred.**

Amelia Crescent, Niagara Falls, Ontario

About the Property

This Detached Bungalow home contains 3 bedrooms, 2 bathrooms and is 1174 sqft. The main floor windows were replaced in 2008, and only the basement windows need upgrading. The roof is dated and needs to be replaced. There are a few leaks in the ceiling of 2 of the bedrooms that need to be repaired. The property requires a full cosmetic renovation, and the basement of the property needs to be finished. There is a separate entrance leading to the basement meaning the property has duplex potential. The property is suited for a beginner or experienced investor who is looking for a Fix & Flip or Rental Opportunity in the city of Niagara Falls.

About the Neighbourhood 

The subject property is situated in the Scott neighbourhood of Niagara Falls, approximately 10 minutes from the Niagara Falls viewpoint.  The property is perfectly located in a quiet neighbourhood, with easy access to downtown Niagara Falls via city streets or local transportation. The property is situated near the Greater Niagara Hospital, and is minutes from countless amenities including Zehrs, Home Depot, Banks, restaurants and several local parks. The proeprty has easy access to Highway 420 which connects Niagara Falls to the QEW. The subject property is also located near the Niagara Falls GO bus terminal with daily routes extending to St Catharines, Burlington, and Toronto.

Property Features

• Detached Bungalow
• 3 bedrooms
• 2 bathroom
• 65ft x 100ft corner lot
• 1174 sqft above grade
• 1174 sqft below grade
• Roof needs to be replaced
• Basement windows need to be replaced
• Main floor windows replaced in 2008
• Partially finished basement, 8ft ceiling
• Separate entrance to basement
• Fuse Panel, copper wiring
• Furnace 10 years old, good condition
• Water Tank purchased in 2020
• Central A/C 10 years old
• Paved driveway with carport
• Built in 1955
• Cosmetically outdated
• R1C zoning

Renovations Needed

• Full cosmetic renovation
• Basement windows
• Repair leaks in bedroom ceiling
• Roof
• Finish basement

We are selling our assignable purchase contract for this excellent Fix & Flip or Rental opportunity.

• Wholesale Price: $524,999 or Best Offer
• We believe that this property is worth $575,000 as-is on the MLS
• We believe that after a full cosmetic renovation this property should be worth at least $725,000 on the MLS.
• Purchase today for $50K BELOW MARKET VALUE

Comparable Analysis

• 5530 Hillsdale Avenue sold in November 2021 for $552,000. The 3 bedroom, 2 bathroom, 1 garage Bungalow is approximately 1000sqft and sits on a 58ft x 113ft lot. The property is very outdated like the subject property and needs a full cosmetic renovation. Similarly to the subject property, the comparable has a partially finished basement with a separate entrance. However, the subject property has a brick exterior rather than siding and is larger than the comparable. After making some adjustments, we believe that the subject property in its current condition would sell for a price higher than the comparable on the MLS.
• 5974 Barton Crescent sold in August 2021 for $750,00. The 3+2 bedroom, 2 bathroom Bungalow is approximately 1100 sqft and sits on a 45ft x 127ft lot. The comparable property is exactly 2 houses down from the subject property and sits on a pie shaped lot. The comparable is fully renovated and has a separate entrance to the basement. Similarly, to the subject property, there are 3 bedrooms upstairs with the potential of adding 2 bedrooms in the basement and does not have a garage. However, the comparable has a pool in the backyard and sits on a nicer, pie shaped lot. We believe, after a full cosmetic renovation, that the subject property would sell for a price slightly lower than the comparable on the MLS.