Detached Bungalow in Greater Sudbury! Available

  • $229,999
Arnold Street, Lively

Offer Date: FIRST COME FIRST SERVE
Closing Date: February 28th, 2025
**Realtors bring us a client and add your commission on top of the purchase price**

About the Property

Checkout your next Fix & Flip or Buy & Hold project in the town of Lively! This detached bungalow features 2 bedrooms, 1.5 bathrooms and has a footprint of 1077 sqft on a large 120 x 120 ft lot. The interior is well-maintained but could use some cosmetic updates. Luckily the area does not demand top line finishes therefore a strategic light cosmetic renovation would completely transform this property! The electrical panel is on breakers with copper wiring, and the roof was redone 3 years ago, saving you some money! This property is perfect for an investor looking for a fix and flip or buy and hold project! Call TODAY!

About the Neighbourhood 

The subject property is located in the town of Lively, 20 minutes southwest of Sudbury off Highway 55. Lively is considered part of Greater Sudbury. Although small, the town has its own community, with close proximity to community centers, restaurants, local schools, and more. Lively also offers excellent transit options to and from downtown Sudbury, with the 101 route running hourly into the town. As such, it is ideal for families, renters, and students who want to live in a small town while still having easy access to downtown Sudbury.

Property Details

  • Detached Bungalow
    • Siding
  • 2 bedrooms
  • 2 bathrooms
    • 1 full, 1 powder
  • 1077 sqft above grade
  • Built in 1960
  • Crawl space
    • Storage and utilities
  • No garage
  • Furnace is rented, replaced in 2010
    • to be paid off on closing by seller
  • HWT is a rental
    • 2 years old as per seller
  • No A/C
  • Roof replaced in 2022
  • Windows are dated
  • Breaker Panel
    • Copper wiring
  • 1 shed on property
  • 120 ft x 120 feet
  • Property Tax around $1969
  • Zoning RU

Recommended Renovations

  • Light cosmetic renovation
  • Consider adding A/C
  • Consider upgrading windows
  • Seller has the option to leave junk behind so we recommend budgeting for junk removal
Pictures and More
The Numbers

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

  • Wholesale Price: $229,999
  • We believe that this property is worth $280,000  as-is on the MLS
  • We believe after a full renovation and depending on finishes, this property would sell for at least $380,000 on the MLS
  • Purchase today for $50K BELOW MARKET VALUE
Comparable Analysis
  • 90 Old Soo Rd  sold for $291,000 in May 2024 after 6 Days on the Market! This 2+1 bed 1 bathroom bungalow has a footprint smaller than the subject property (0-700ft) but sits on a similar lot. The bungalow is completely dated throughout and would require a full renovation, whereas the subject property would have much less to do in order to be considered fully ARV. However, the comparable property is more desirable as it has a basement rather than a crawl space. Therefore after adjustments we believe the subject property would sell for a price around $280,000 on the MLS.
  • 27 Lake Street sold for $345,000 in October 2024 after 15 Days on the Market! This detached bungalow consists of 2 beds, 1.5 bathrooms and has a footprint of 700-1100 sqft. The comparable sits on a smaller frontage lot at only 61ft wide. The comparable has a detached garage on the property as well. The comparable has been well maintained however it is very dated throughout and would require a cosmetic renovation specifically to the kitchen, bathrooms, trim and flooring throughout. However it does back onto Whitefish river with access to the lake. We believe after adjustments the subject property would sell for a price below the comparable around $280,000.
  • 316 River Road sold for $520,000 in December 2024 after only 4 days on the market! This detached bungalow sits on a 1.3 acre property, much larger than the subject property’s lot. The comparable is a 3 bed 1 bath, 700-1100 sqft bungalow with a finished basement. Compared to the subject property it is much more desirable and superior, however is a clear indication of an ARV bungalow in the area. We believe after major adjustments, and a strategic cosmetic renovation the subject property would sell for a price around $380,000 on the MLS.
Price:
$229,999
Address:
Lively
Terms:
Assignment of Contract
Property Type:
Home

Call 647-930-0291 for more details