Timmins Assigned

By May 6, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $30,000 BELOW Market Value!
Closing Date: May 21, 2021

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

Croatia Avenue, Timmins, ON

2 houses on one lot located on a quiet street in Timmins. The subject property contains 2 separate bungalows back to back on the same lot. The first house is a 2 bed, 1 bath with approximately 1,200 sqft and the second house is a 1 bed, 1 bath with approximately 600 sqft. The property is situated near schools, restaurants, shops and McIntyre Community Centre. The subject property is suitable for a beginner or experienced investor who is willing to take on a cheap fix & flip or BRRR opportunity. Don’t miss out on the opportunity to purchase 2 houses for the price of one!

Property Features

• 2 detached bungalows
• 30 ft Frontage x 90 ft Depth
• Front house
  • 2 beds
  • 1 bath
  • 1200 sqft
  • Unfinished basement
  • Front half of roof needs to be redone
  • No separate entrance
  • 8 ft ceilings in the basement
  • Windows about 25 years old
  • Breaker Panel
  • New furnace and hot water tank
• Back House
  • 1 bed
  • 1 bath
  • 600 sqft
  • Unfinished basement
  • Roof needs to be redone
  • No separate entrance
  • 8 ft ceiling in the basement
  • Basement window is new, the rest are about 25 years old
  • Fuse panel
  • New furnace and hot water tank
• NA-R3 Zoning

Renovations Needed

• Cosmetic renovations throughout both units
• Replace fuse panel in back house
• New roof for back house

We are selling our assignable purchase contract for this excellent FIX & FLIP or BRRR opportunity.

• Wholesale Price: $99,999 or Best Offer
• We believe that this property is worth $130,000 as-is on the MLS
• Purchase today for $30K BELOW MARKET VALUE

Comparable Analysis

• 125 Fourth ave sold in April 2021 for $121,000. It is a detached bungalow with 3 beds, 1 bath and is approximately 700 – 1,100 sqft. It sits on a 30 ft x 90 ft lot and has no garage similar to the subject property. Given that the subject property contains 2 houses but requires slightly more cosmetic work we believe that it should be worth approximately $130,000 as-is on the MLS