| Forest Creek Place, London, Ontario
Offer Date: FIRST COME FIRST SERVED
Closing Date: November 3rd, 2025
*Realtors bring us a client and add your commission on top of the purchase price*
Strategies For Success
Option 1 – Fix & Flip
Option 2 – Wholetail
-
Light improvements: Fresh paint, deep cleaning, and curb appeal upgrades to make the home market-ready with minimal spend.
-
Quick resale: Stage well, and list promptly to capture buyer demand, reduce carrying costs, and achieve a faster turnaround.
Property Overview
Property Details:
- Detached 4 Level Backsplit
- 3 bedrooms above grade & 1 bedroom in the basement
- 2 full bathrooms
- 1,368 sqft above grade
- Lower 2 Levels: 1,449 sqft
- 2 car garage
- Built in 2000
- Mixed Brick & Siding exterior
- Wide paved driveway
- Lowest level is partially finished & the 2nd lowest level is fully finished:
- No separate entrance
- Ceiling height is 7-8 ft throughout bottom 2 levels
Mechanical & Exterior
- Electrical: Breaker panel with copper wiring throughout
- Furnace, A/C and HWT are all original, owned and in good condition.
- Appliances included: fridge, stove, washer, dryer in AS IS condition
- Windows are original from 2000
- Roof has had some minor patchwork completed, but new shingles will be required in the coming years.
- No Leaks in the property.
Lot & Location
- Property taxes are approx. $3,646
- 10-minute drive to HWY 401
- 5-minute drive to Fanshaw College
- 15-minute drive to Western University
- 49.21 ft x 114.83 ft lot
- R1-13, R3-1 zoning
Important Notes
- Budget for Junk Removal – seller has the option to leave junk behind
|
|
| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip or rental opportunity.
- Wholesale Price: $529,999 or Best Offer
- Based on recent comparable sales, we estimate that this property is worth $590,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $715,000 on the MLS.
- Purchase today for $60K BELOW MARKET VALUE
Comparable Analysis |
|
 |
- 35 Midale Court sold for $605,000 in July 2025. This comparable has a 3 bedroom and 3 bathroom layout which is one fewer below grade bedroom, and one additional bathroom relative to the subject property. As per the listing, the comparable is 1,100-1,500 sqft and sits on a larger sized 60 ft x 120 ft lot. Additionally, just like the subject property, the comparable also has a 2 car garage and an unfinished basement, however this comparable has a separate basement entrance, something the subject property lacks. This comparable has similar finishes to the subject property, and is in a similar condition. After making the appropriate adjustments, we believe the subject property would sell for a price of $590,000 AS-IS on the MLS.
|
|
 |
- 994 Chippewa Drive sold for $575,000 just 25 days ago. This comparable has a very similiar 3+1 bed, 2 bath layout with a 1.5 car garage, which is 1 fewer garage parking space relative to the subject property. As per the listing, the comparable has a footprint of 1,100-1,500 sqft and sits on a 55ft x 97ft lot. This comparable property is also dated and in a similar condition to the subject property. After making the appropriate adjustments, we believe the subject property will sell for at least $590,000 on the MLS.
|
|
 |
- 179 Grenfell Place sold for $810,000 in June 2025. This comparable 4 level backsplit has the same 3+1 bedroom, 2 bathroom layout, along with a 2 car garage, just like the subject property. The home holds a 1,100-1,500 sqft footprint on a smaller 33 ft x 100 ft lot. Unlike the subject property, this comparable has undergone some significant renovations and is a strong ARV comparable property for the subject property. This home has high quality finishes throughout, along with a finished basement . It should be noted that this property does come with an in ground swimming pool in the backyard, which is something the subject property lacks. After making the proper adjustments and a completing the recommended renovation, we believe the subject property will sell for at least $715,000 on the MLS.
|
|
|
|
