Sudbury Assigned

By September 19, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $40,000 BELOW Market Value!
Closing Date: October 29, 2021

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

Baker Street, Sudbury, ON

Detached 1 3/4 storey property located in the Donovan area of Sudbury. The subject property contains 3 bedrooms, 2 bathrooms, and a double garage. The property is situated minutes from downtown, near schools, Laurentian and Sudbury University, restaurants and shops. The main floor of the property has been nearly fully renovated with new flooring, kitchen and bathroom, while the basement is partially finished and includes a rough in for a third bathroom. The subject property is suitable for a beginner or experienced investor who is looking to take on a fix & flip or BRRR rental.

Property Features

• Detached 1.75 storey
• 1,544 sqft above grade
• 944 sqft basement with separate entrance
• Attached 2 car garage
• 67 ft Frontage x 112 ft Depth
• Breaker Panel
• Boiler/Radiator heating
• No A/C
• Roof 6 years old
• Windows 13 years old
• Built in 1943
• R2-2 Zoning
• Basement partially finished with roughed in washroom
• Mainfloor previously included studio apartment, could be converted back
• Vacant possession

Renovations Needed

• Finish cosmetic renovation: some flooring and trim to replace, finish basement washroom, repair garage/replace doors
• Potential to replace heating system
• Foundation crack in basement needs repair

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

• Wholesale Price: $219,999 or Best Offer
• We believe that this property is worth approximately $260,000 as-is on the MLS
• We believe that after finishing the basement, repairing the foundation and garage and updating the heating this property should be worth at least $350,000 on the MLS.
• Purchase today for $40K BELOW MARKET VALUE

Comparable Analysis

• 28 Bloor Street sold in May 2021 for $287,500. It is a detached 2 storey with 3 bedrooms, 2 bathrooms, a single detached garage and approximately 1,400 sqft. The inside of the property is fairly well maintained but completely outdated. It sits on a 40 ft x 120 ft lot, and has a finished basement. In comparison to the subject property it is out dated, smaller and has a lower MPAC value. However it does have forced air gas heating, and a working detached garage. We believe that the subject property would sell close to this price in its current condition on the MLS.
• 453 Pine Street sold in April 2021 for $340,000. It is a detached side split with 3 bedrooms, 2.5 bathrooms, an attached single garage, electric baseboard heating and approximately 1,720 sqft. The inside is out dated but well maintained, with a partially finished basement. In comparison to the subject property, it was built more recently, has an attached garage and is slightly larger. On the other hand, the subject property once completed will have newer finishes, a double garage, fully finished basement and forced air heating. We believe that the subject property would sell for a greater price than this comparable on the MLS after a completed renovation.