Stratford Assigned

By April 9, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $75,000 BELOW Market Value!
Closing Date: May 31, 2021

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

Demille Street, Stratford, ON

Detached 2 storey/backsplit located on a quiet street in Stratford. The subject property contains 4 bedrooms, 2 bathrooms and is approximately 1,978 sqft above grade. The property is situated near schools, restaurants, shops and Redford park. The subject property is suitable for a beginner or experienced investor who is willing to take on a great fix & flip or wholetail opportunity. Purchase in a HOT market where everything is selling above asking with multiple offers!

Property Features

• Detached 2 storey/backsplit
• 1,978 sqft first and second floor
• 700 sqft basement
• Separate entrance
• 4 bed, 2 bath
• 52 ft Frontage x 110 ft Depth
• Furnace is 10 years old
• Steel roof is about 5 years old
• Most windows are new and in good shape
• Built in 1980
• Breaker panel

Renovations Needed

• Property has been very well maintained however requires cosmetic renovations throughout such as: kitchen, flooring, bathrooms and paint

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

• Wholesale Price: $549,999 or Best Offer
• We believe that this property is worth $625,000 as-is on the MLS
• We believe that after a full cosmetic renovation this property should be worth $700,000 – $750,000 on the MLS
• Purchase today for $75K BELOW MARKET VALUE

Comparable Analysis

• 119 lightbourne ave sold 28 days ago for $651,000. It is a detached raised bungalow with 3+1 bedrooms, 2 bathrooms, and 1 car garage. It is approximately 1,400 sqft, has a fully finished basement and the inside looks like it was renovated about 10 – 15 years ago. The subject property is about 500 sqft bigger than this comparable however is more outdated inside. Therefore we believe that the as-is value of the subject property is around $625,000.
• 166 Avon St sold 5 days ago for $750,000. It is a large detached 1 storey with 3 bedrooms, 2 bathrooms and 1 car garage. It is approximately 1,574 sqft, and the inside has been decently renovated a few years ago. Given that the subject property is bigger in size than this comparable, we believe that after a full cosmetic renovation the subject property should sell for around $750,000 on the MLS.