By February 4th, 2022
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $80K BELOW Market Value!
Closing Date: March 31st, 2022

**Due to COVID-19 restrictions sight unseen offers are preferred.**

Garrison Road, Fort Erie, Ontario

About the Property

This all brick bungalow consists of 5 bedrooms (3 upstairs, 2 downstairs) and 3 bathrooms (1 full, 2 half baths). There is a separate entrance on the side and the ceiling height of the basement is 8ft. The upstairs kitchen was renovated in 2021 and the sellers have the cabinets ready to be installed for the basement kitchen, which they will be leaving for the buyer. The home was built in 1985 and roof was done 8 years ago but windows are all original. The hot water tank burst causing mold build up in the basement but it is contained in the utility room.

About the Neighbourhood 

The subject property is situated on the outskirts of Fort Erie and is a short drive to various beaches and parks. It is only 20 minutes from Niagara Falls and Peace Bridge (the border of Canada and the US) making it a very attractive market for a rental.

Property Features

• Detached bungalow
• Five bedrooms (3+2)
• Three bathrooms (1+2)
• 2076 sqft above grade
• 1445 sqft below grade
• Roof is 8 years old
• Windows need to be replaced
• Finished basement
• Basement ceiling height is 8ft
• Separate entrance to basement
• Additional kitchen in basement
• Furnace and A/C are 10 years old
• Hot water tank 2020
• Wood fireplace
• Breaker panel and is copper wiring
• Built in 1985
• Lot size 132ft by 137ft
• A1 zoning (zoning allows for legal duplex)

Recommended Renovations

• Cosmetic facelift
• Flooring in the bedrooms on main floor
• Fix the mold in the utility room
• Consider replacing the windows
• Junk removal

How Can You Win With This property?

• Fix and flip to max out the ARV
• Convert the property into a legal duplex and hold long term

We are selling our assignable purchase contract for this excellent Fix & Flip or Rental opportunity.

• Wholesale Price: $840,000 or Best Offer
• We believe that this property is worth $920,000 as-is on the MLS
• We believe that after a full renovation this property should be worth at least $1,050,000 on the MLS.
• Purchase today for $80K BELOW MARKET VALUE

Comparable Analysis

• 5576 SHERKSTON Road sold for $875,000 in November 2021. This bungalow sits on a larger lot size than the subject property but the home is smaller in square footage and is only a 3+1 bedroom. The comparable also does not have a kitchen in the basement or a separate entrace to the basement. The exterior of the comparable is aluminum siding as opposed to the subject property which is all brick. The comparable had some renovations done but was mostly outdated. After adjustments, we believe in its current condition the subject property would sell for at least $920,000 on the MLS
• 5323 SHERKSTON Road sold for $1,100,000 in January 2021. This all brick property sits on a larger lot size but is smaller in square footage than the subject proprety. The comparable also has a kitchen in the basement and a walk out. This comparable has a two car garage but is still relatively outdated. After a full renovation, and depending on finishes, we believe the subject property would sell for at least $1,050,000 on the MLS.