By January 20th, 2022
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $50K BELOW Market Value!
Closing Date: January 31st, 2022
The seller has the opportunity to stay in the property until February 6th at which point the property will be vacant. The buyer’s solicitor shall hold back 10% of the property price until the property is vacant. Seller agrees to pay $150 a night for each day they stay past February 6th

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

Mary Street, Lindsay, Ontario

About the Property

This 2 storey condo end unit townhouse contains 3 bedrooms, 1.5 bathrooms and is 1200 sqft. The windows are being redone by the condo corporation in 2022. The condo corporation replaced the roof in 2019 and the deck in 2020.
The property requires a full paint job and flooring in 3 bedrooms. The kitchen, bathrooms and flooring (apart from the 3 bedrooms) have all recently been renovated. The basement is a full basement and is finished. The property is suited for a beginner or experienced investor who is looking for a Fix & Flip or Rental Opportunity in the growing city of Lindsay.

About the Neighbourhood 

The subject property is situated in a desireable neighbourhood in Lindsay. The property is located minutes from downtown and Ross Memorial Hospital. This property is situated near the Lindsay Gold and Country club and is close to countless amenities such as restaurants, shops on the downtown strip, parks, Valumart, home hardware, and schools. Lindsay is located about an hour and a half from the GTA.

Property Features

• Condo townhouse
• 3 bedrooms
• 1.5 bathrooms
• Two parking spots
• 1200 sqft above grade
• Roof was replaced in 2019
• Windows will be replaced in 2022
• Full finished basement
• Most of the baseboard heating was done 5 years ago
• Hot water tank is brand new
• Condo fees are $285/month
• Breaker Panel, copper wiring
• Seller smokes in house
• Built in 1987
• RM3 zoning

Renovations Needed

• Paint
• Finish flooring in 3 bedrooms

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

• Wholesale Price: $354,999 or Best Offer
• We believe that this property is worth $405,000 as-is on the MLS
• We believe that after a paint job and finishing the flooring in the 3 bedrooms this property should be worth at least $420,000 on the MLS.
• Purchase today for $50K BELOW MARKET VALUE

Comparable Analysis

• Unit 5 – 115 Mary Street sold in October 2021 for $380,000. This condo townhouse is located in the same complex as the subject property so is similar in features but is more outdated than the subject property. The comparable property also has the original kitchen and bathroom and is not an end unit. After adjustments, we believe in its current condition the subject property would sell for at least $405,000 on the MLS.