Fix & Flip Condo in Brantford!  $55K BELOW Market Value  West Street Wholesale Price of $359,999 or Best Offer! By April 25, 2022 Realtors bring your clients, just add your commission to the purchase price! Purchase this Property Today for $55K BELOW Market Value! Closing Date: May 11, 2022 Seller has the option to extend closing up to 29 days (June 10, 2022) given that they provide the Buyer 2 weeks notice prior to original closing date **PROPERTY MUST BE PURCHASED SIGHT UNSEEN. NO VISITS AT ALL** West Street, Brantford, Ontario About the Property This condo unit consists of 2 bedrooms and 1 bathroom and is approximately 1000 sq ft. The unit includes one parking spot and one storage locker. The unit has base board radiator heating, which is covered by the condo corp. The condo fees are about $580 per month and they cover heat, hydro, snow removal, lawn care, garden care, and the maintenance of common areas. There is no A/C in the unit. Appliances included are the fridge, stove, freezer, and dishwasher. The seller has indicated that the building itself has undergone some renovations in its common areas. Specifically, the underground parking has been updated, the balconies have been redone, and the condo corp has plans to redo the outdoor parking lot in the summer. This property is great for an investor looking for a property to fix and flip to maximize ARV potential. About the Neighbourhood  The subject property is situated in the northeast part of Brantford. Brantford is located about 30 minutes east of Hamilton, and about 30 minutes south of Cambridge. The property is about a 3 minute drive to Highway 403 which connects Brantford with Hamilton and other major highways. The Brantford VIA Rail station is about a 5 minute drive away, connecting Brantford with Toronto and London. The subject property is also a 7 minute drive to Brantford General Hospital. Surrounded by countless amenities including Zehrs, Shoppers Drug Mart, Canadian Tire, and many restaurants, this condo is in a desirable location. Property Features Condo unit 2 bedrooms, 1 bathroom 1071 sq ft One parking spot One storage locker $580 monthly maintenance fees Maintenance fees include heat, hydro, snow removal, lawn care, garden care, and the maintenance of common areas Property taxes are about $2188 Built in 1975 Condo needs full cosmetic update Base board radiator heating, covered by condo corp RHD Zoning Recommended Renovations Full cosmetic renovation as all aspects of the unit are completely outdated We recommend budgeting for junk removal as the seller has the option of leaving contents behind Pictures and More The Numbers We are selling our assignable purchase contract for this excellent FIX AND FLIP opportunity. Wholesale Price: $359,999 or Best Offer We believe that this property is worth $415,000 as-is on the MLS We believe that after the recommended renovations, this property should be worth at least $485,000 on the MLS. Purchase today for $55K BELOW MARKET VALUE Comparable Analysis 1202-640 West street sold for $430,000 at the end of March 2022. This comparable has the same amount of bedrooms and bathrooms as the subject unit. Although this comparable is on the 12th floor and the subject unit is on the 2nd floor, the condition of both units is very similar. Both the comparable and the subject unit are dated throughout and would benefit from a full cosmetic update. After adjustments, we believe the subject property would sell for at least $415,000 “as-is.” 1004-640 West Street sold for $460,000 in January 2022. This comparable has the same amount of bedrooms and bathrooms as the subject unit. Although this comparable is on the 10th floor and the subject unit is on the 2nd floor, the comparable demonstrates the ARV potential of the subject unit. We also believe that the the subject unit could be renovated to a newer and higher standard than this comparable to maximize ARV potential. After adjustments and after completing a full cosmetic renovation, we believe the subject property would sell for at least $485,000 on the MLS. Click Here To See ALL Available Properties Need Financing? 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