Detached 2 Storey in Kitchener! Sold


Detached 2 Storey in Kitchener!

Fix and Flip or Rental Opportunity

$120K BELOW Market Value!

Old Park Lane, Kitchener, ON

Closing Date: September 15th, 2023

The seller has the option to extend the closing to September 22nd, 2023 given notice is provided to the buyer by September 1st 2023

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


About the Property

Looking for a flip within 1 hour of the GTA? Don’t miss out on this opportunity. This 2-storey detached home consists of 3+1 beds and 3 bathrooms. The property sits on a 49ft x 109ft lot and is approximately 2118 sqft. Cosmetically the property could use a full interior renovation. The furnace and A/C are owned however the hot water tank is a rental that will be assumed by the buyer on closing. The roof was redone only 2 years ago saving the buyer a costly repair. The basement is mostly unfinished, however has great ceiling height to finish and add extra living space for an end user. This property would be perfect for a buyer looking to start off September with a BANG!

About the Neighbourhood 

The property is located in Kitchener, approximately one and a half hours northwest of Toronto. Kitchener is located north of Hwy 401 and Hwy 8. Being positioned outside of the GTA, Kitchener has become a great residential area as well as a great area for families leaving the GTA. Kitchener also has its own Go Transit train station located only 13 minutes away from the subject property for those looking to commute to work. This property is located perfectly close to all amenities including Tim Hortons, Shoppers Drug Mart, Walmart, LCBO, Winners, and more! The subject property is only a 2-minute drive from Hwy 8 providing easy access to both the GTA as well as the Guelph and Cambridge areas.

Property Details

  • Detached 2 Storey
  • 3+1 bedrooms
  • 3 bathroom
    • 2 full bathrooms (1 ensuite in master bedroom)
    • 1 powder room on main floor
  • 2118 sqft above grade
  • 1147 sqft below grade
  • Built-in 1989
  • Electrical is on Breaker
  • Mostly unfinished basement
    • 8ft ceiling height, 7ft under bulkhead (buyer to verify)
  • Furnace is owned
    • 5-6 years old
  • A/C is owned
    • 7-10 years old
  • HWT is a rental
    • Rental to be assumed by Buyer
    • Replaced last year
  • Roof was redone 2 years ago as per seller
  • Upper-level windows are 4-5 years old as per seller
    • Basement windows need to be updated
  • 2 car attached garage
  • Fridge & dishwasher are included
    • Please note the seller will be removing the kitchen island from the property
  • Property taxes are approximately $4336
  • Lot size is 49ft x 109ft
  • Zoning R2A

Recommended Renovations

  • Cosmetic renovation
  • Basement windows need to be updated
  • Exterior landscaping specifically in the backyard
  • 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: $679,999,000
  • We believe that this property is worth $800,000 as-is on the MLS
  • We believe that after a full cosmetic renovation, this property should be worth at least $980,000 on the MLS.
  • Purchase today for $120K BELOW MARKET VALUE

If You’re Interested….

Email us at 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

For Sale
Property Type:

Call 647-930-0291 for more details