Detached 2 Storey in Woodstock! Assigned

  • $329,999
  • 2 beds
  • 1 baths

Detached 2 Storey in Woodstock!

Fix and Flip or Rental Opportunity

$50K BELOW Market Value!

Waterloo Street

Waterloo Street, Woodstock, Ontario

Closing Date: May 31st, 2023
*The Seller has the option to extend closing to June 30th 2023, given notice is provided to the Buyer by May 10th 2023*

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

About the Property

Checkout this 2 storey detached house consisting of 2 beds 1 bath and approximately 926 sqft. This property requires a full cosmetic renovation to bring it back to its glory. There was a leak from the side of the house that has gone into the basement which needs to be fixed. There is some leaking happening through the roof as well so we would recommend replacing it. Currently the CHEAPEST property listed in Woodstock. This property is perfect for an investor looking for a spring fix and flip or BRRR project.

About the Neighbourhood 

The subject property is situated in a good neighbourhood in Woodstock and is located only 30 minutes away to the London airport. This property is close to countless amenities such as restaurants, Wal-Mart, Tim Hortons, LCBO, Food Basics, Woostock Hospital and schools. Woodstock is located conveniently North of the 401 and in between London and Kitchener-Waterloo.

Property Details

  • Detached 2 Storey House
  • 2 bedrooms
  • 1 bathroom
  • 926 sqft above grade
  • 550 sqft below grade
  • Basement is 5ft ceiling height
  • Sump pump
  • Smokers House
  • Breaker panel, copper wiring
  • Furnace, high efficiency, purchased in 2009
  • HWT is owned and newer
  • No A/C
  • As per seller the roof was redone in 2018, buyer to verify as there is some leaking happening
  • Windows are original
  • Built-in 1926
  • Property taxes are $1883
  • Lot size is 44ftx100ft
  • Zoning C4

Recommended Renovations

  • Full cosmetic renovation
  • Consider replacing the roof
  • Fix the side of the house where the leaking is seeping through
  • 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 or Rental Opportunity.

  • Wholesale Price: $329,999
  • We believe that this property is worth $380,000 “as-is” on the MLS
  • We believe that after a full cosmetic renovation this property will sell for around $510,000 on the MLS
  • Buy now for 50K BELOW market value!

Comparable Analysis

  • 196 Russell Street sold for $355,000 in April 2023. This comparable is a 1 bedroom and 1 bathroom and is smaller in size than the subject property. The comparable is dated throughout and sits on a larger lot size. The comparable has wood panelling throughout whereas the subject property is drywall. Therefore, after adjustments, we believe the subject property would sell for at least $380,000 on the MLS market in “as is” condition.
  • 671 Henry Street sold for $380,000 in February 2023. This 1 bedroom 2 bathroom comparable is roughly the same size as the subject property and sits on a similar lot size. The comparable is dated throughout and comes with a partially finished basement. Therefore, after adjustments, we believe this property would sell for at least $370,000 “as-is” on the MLS
  • 268 Robinson Street sold for $505,000 in March 2023. This comparable was updated in parts of the home but dated in most of it. The comparable consists of 2 bedrooms 2 bathrooms and is smaller than the subject property. Unlike the subject property the comparable does have a detached garage. The comparable sits on a larger lot size than the subject property. Therefore, after adjustments and assuming a full renovation, we believe this property would sell for at least $510,000 on the MLS.
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Need Financing?
Looking for a construction cost estimate?

SLG Renovations will manage the construction of this project from start to finish. If you’re looking for an estimate please email
View our past projects here

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


Disclaimer: The contents of this email are for informational purposes only. We are not home inspectors or appraisers. Please ensure you do your own due diligence.
Lot Size:
44ft x 100ft
Assignment of Contract
Property Type:
Year Built:

Call 647-930-0291 for more details