Detached Backsplit in Alliston! Assigned

  • $589,999
  • 3 beds
  • 1 baths
  • 1234 sqft

Detached Backsplit in Alliston!

Fix and Flip or Rental Opportunity

$70K BELOW Market Value!

King Street

King Street, Alliston, Ontario

Closing Date: May 5th, 2023
*The seller, at his or her option, may occupy the property after closing date for a period until June 8th 2023, at no cost provided that the vendor obtains a policy of tenant insurance in form and substance satisfactory to the purchaser. The vendor may exercise this option by written notice to the purchaser on the closing date. If the vendor exercises such option then the purchaser’s solicitor shall hold back $50,000 due on the statement of adjustments and shall not be required to pay some to the vendors lawyer unless and until the vendor vacates the premises. Each day the seller stays after June 8th, 2023 the seller owes the buyer $500 from the holdback amount*

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

About the Property

Checkout this structurally sound backsplit in Alliston with fantastic updates recently done on the outside. Windows were replaced 2 months ago and new interlocking was done in 2022. The siding plus insulation for the siding were also done in 2022. This property features 3 bedrooms 1 bathroom and is a total of 1803 sqft. The seller has noted that the sump pump sometimes overfills and needs to be replaced. The seller also noted that some water drips from the seal of the gas line. We would recommend doing a full cosmetic renovation on the inside to maximize the propertys ARV.  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 desirable neighborhood in Alliston and is less than a five minute drive to the Stevenson Memorial Hospital.  Alliston is located about an hour North-west of Toronto and 30 mins South-west of Barrie. The subject property is surrounded by countless amenities including: Canadian Tire, Dollarama, LCBO, Zehrs, FreshCo, Tim Hortons and more. The Alliston Mills shopping centre is located only 2 minutes away from the subject property. Access to highway 400 is only a 20 minute drive away.

Property Details

  • Detached Backsplit
  • 3 bedrooms
  • 1 bathroom
  • 1234 sqft above grade
  • 569 sqft below grade
  • Smokers House
    • As per seller, only smokes in the basement
  • Ceiling height for basement is 7’5ft
  • Separate entrance
  • The finished part of the basement is being used as bedroom
  • Sump pump in basement
  • The unfinished part of the basement is the utility room
  • Breaker panel, aluminum/copper wiring
  • Hot water tank is rented and at least 10 years old
  • Furnace purchased in 2022
  • HWT purchased in 2012
  • No A/C
  • The roof was redone in 2017
  • Windows were redone 2 months ago
  • Attached garage
  • Built-in 1973
  • Property taxes are $3800
  • Lot size is 50ftx100ft

Recommended Renovations

  • Full cosmetic renovation
  • Replace sump pump
  • Consider adding A/C
  • 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: $589,999
  • We believe that this property is worth $660,000 “as-is” on the MLS
  • We believe that after a full cosmetic renovation this property will sell for around $775,000 on the MLS
  • Buy now for 70K BELOW market value!

Comparable Analysis

  • 169 King Street South sold for $705,000 in February 2023. This comparable has 3 bedrooms and 2 bathrooms and is similar in size as the subject property. The comparable sits on a double wide lot but is much more dated than the subject property. Therefore, after adjustments, we believe the subject property would sell for at least $660,000 on the MLS market in “as is” condition.
  • 204 Tupper Street West sold for $710,000 in April 2023. This 3 bedroom 2 bathroom comparable is roughly the same size as the subject property. The comparable is completely dated throughout but sits on a larger lot size than the subject property.  Therefore, after adjustments, we believe this property would sell for at least $660,000 “as-is” on the MLS
  • 61 Hutchinson Drive sold for $880,000 in March 2023. This comparable was updated in parts of the home but dated in others. Similar to the subject property, this property has an attached 2-car garage. The comparable is larger in size and 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 $800,000 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.
Alliston, ON
Square Feet:
Lot Size:
50ft x 100ft
Assignment of Contract
Property Type:
Year Built:

Call 647-930-0291 for more details