By November 17th, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $75K BELOW Market Value!
Closing Date: January 6th, 2021

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

Broadview Avenue, Kitchener, Ontario

About the Property

This Detached Sidesplit home contains 3 bedrooms, 3 bathrooms and is 1566sqft. The windows are all original (20 years) and need to be replaced; the roof is about 11 years old, and was replaced in 2010 with shingles. The property requires a full cosmetic renovation, a fix to a minor leak in the pool, and a new garage door. The property is suitable for a beginner or experienced investor who is looking for a Fix & Flip or Rental Opportunity in the booming city of Kitchener.

About the Neighbourhood 

The subject property is situated in Stanley Park, a beautiful neighbourhood in the east end of Kitchener. Situated near Franklin Park, the subject property is close to countless amenities, including the Stanley Park mall containing restaurants and grocery stores, the Stanley Park community center and many local schools. The property has easy access to Highway 8, which connects to Highway 401, making it very easy to get in and out of the city. The subject property is also 10 minutes from the Kitchener GO terminal, which has bus and train routes extending to London, Mississauga and Toronto.

Property Features

• Detached Sidesplit
• 3 bedrooms
• 3 bathroom
• 35ft x 113ft premium pie shaped lot
• 1566 sqft above grade
• 640 sqft below grade
• Finished basement, 8ft ceiling
• Separate entrance to basement
• Breaker Panel, 200 amps, aluminum wiring
• Furnace 20 years old, good condition
• Water Tank 2 years old
• Central A/C 20 years old
• Paved driveway
• Built in 1975
• Cosmetically outdated
• R2A zoning

Renovations Needed

• Full cosmetic renovation
• Windows
• Garage Door
• Leak in pool

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

• Wholesale Price: $749,999 or Best Offer
• We believe that this property is worth $825,000 as-is on the MLS
• We believe that after a full cosmetic renovation this property should be worth at least $950,000 on the MLS.
• Purchase today for $75K BELOW MARKET VALUE

Comparable Analysis

• 26 Owen Avenue sold for $870,000 in October 2021. The comparable property has 3 bedrooms, 3 bathrooms and is approximately 1700sqft. In comparison to the subject property, it has the same number of bedrooms, and bathrooms, but it is slightly larger than the subject. Cosmetically, the comparable property is outdated but very nicely maintained. There are a few areas of the house which have been renovated (basement flooring, bathroom flooring, vanity) but majority of the house is in need of a cosmetic renovation. The comparable also has a pool in the backyard, similar to the subject property. We believe that the subject property would sell for a price slightly lower than the comparable in its current condition, on the MLS.
• 105 Rennie Drive sold for $998,000 in October 2021. The comparable property has 5 bedrooms, 3 bathrooms and is approximately 1620sqft. In comparison to the subject property, it has 2 more bedrooms, equal number of bathrooms and is similar in size. The comparable property underwent a full cosmetic renovation in majority of the house, including the kitchen, bathrooms, living room and basement. The bedrooms on the main floor are slightly dated but very well maintained. In comparison to the subject property, the comparable has 2 more bedrooms, is slightly larger, but does not have a pool. After a full cosmetic renovation, and fixing a leak in the pool, we believe that the subject property would sell for a price slightly less than the comparable on the MLS.