Detached 1.5 Storey House in Port Colborne! Assigned

  • $274,999
  • 3 beds
  • 1 baths
  • 989 sqft
Assigned

Detached 1.5 Storey House in Port Colborne!

Fix and Flip or Rental Opportunity

$75K BELOW Market Value

Humboldt Parkway, Port Colborne, ON

Offer Date: FIRST COME FIRST SERVE
Closing Date: October 31st, 2023

** Realtors bring us a client and add your commission on top of the purchase price**

 

About the Property

Checkout this 1.5 storey detached house in need of some renovations to bring it back to its glory. The property consists of a total of 1623 sqft and sits on a lot size of 41.5ft by 124ft. There is a detached garage on the property that requires some work with the supporting beam but foundationally it’s in good condition.The HWT/AC/Furnace are all rentals but the AC & Furnace will be bought out on closing. The roof is dated as can be seen in photos so we would recommend replacing them. This property is perfect fo an investor looking for a fall fix and flip or BRRR opportunity!

About the Neighbourhood 

The subject property is situated in the North part of Port Colborne. Port Colborne is situated in the South part of Ontario and close to other cities such as Niagara Falls, Fort Erie, and St Catharines to name a few. Port Colborne is about an hour away from Hamilton and about a 30 minute drive to the QEW. Port Colborne is close to many beaches making this area attractive for a short term rental or cottage getaway!

Property Details

  • Detached 1.5 Storey House
  • 2+1 bedrooms
    • 2 bedrooms upstairs
    • 1 den on the main floor
  • 989 sqft above grade
  • 634 sqft below grade
  • Built in 1948
  • Fuses
    • copper wiring
  • Finished basement with a separate entrance
    • Height is around 6ft 2″
  • Furnace/A/C/ HWT are all rentals and put in within the last 5 year
    • Furnace and AC will be bought on closing
  • Roof is old and needs to be replaced
  • Windows are older but are still in good condition
    • The living room window was replaced recently
  • Property taxes are approximately $2664
  • Basement is a smokers
  • Lot size is 41.5ft x 124ft
  • Zoning R2

Recommended Renovations

  • Fix the garage
  • Redo the roof
  • Full cosmetic renovation
  • The seller has the option to leave junk behind so we would recommend budgeting for junk removal

Pictures and More

The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.

  • Wholesale Price: $274,999
  • We believe that this property is worth $350,000 as-is on the MLS
  • We believe after a full cosmetic renovation the property would sell for $475,000
  • Purchase today for $75K BELOW MARKET VALUE

If You’re Interested….

Email us at info@slgpropertydeals.ca or call Sal at 647-370-0861. Jocelyn can answer any questions you have and set up a time to view the property.

 

Please Do Not Go Directly to the Property

Price:
$274,999
Address:
Port Colborne
Square Feet:
989
Lot Size:
41.5ft x 124ft
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1948

Call 647-930-0291 for more details