Detached Bungalow in Sudbury! Assigned

  • $129,999
  • 2 beds
  • 1 baths
McKim, Sudbury, Ontario

Closing Date: September 25th, 2024

About the Property

Looking for your next SLG wholetail or buy and hold in Sudbury? Check out this detached bungalow consisting of 2 bedrooms and 1 bathroom. This property has a footprint of 669 sqft and is dated throughout. The electrical is on fuse and will need to be updated. Additionally, the windows and roof are outdated and will need to be updated. The basement is unfinished with a 7ft ceiling height, and has a separate entrance. Finishing the basement with a kitchen and bathroom would add second unit potential. This property is great for an investor looking to start the fall season with a fantastic flip or an investor looking for great rental potential in Sudbury.

About the Neighbourhood

The subject property is situated in the Donovan Neighborhood of Sudbury just west of the Beatty Street and Kathleen Street intersection. Sudbury is located between Barrie and Timmins. There are countless amenities nearby including Food Basics, Value Village, Staples, Bradley Pharmacy, restaurants, schools, and much more. The TransCanada HWY is only a 12-minute drive away providing easy access both west towards Sault Ste. Marie and east towards North Bay. There are multiple bus stops within a 2-minute walk from the subject property and the Sudbury Via Train station is only a 5-minute drive away providing easy transportation south towards the GTA.

Property Details

  • Detached bungalow
  • 2 bedrooms
  • 1 bathroom
  • 669 sqft above grade
  • 669 sqft below grade
  • Basement is unfinished
    • Has a separate entrance
    • ceiling height around 7ft as per seller (buyer to verify)
  • Property taxes are about $2359
  • Furnace is owned
    • Exact age unknown (assumed to be 20+ years old)
  • No A/C
  • HWT is owned
    •  Exact age unknown (assumed to be 20+ years old)
  • Roof is rough condition
    • Exact age unknown, but needs to be redone
    • No gutters
  • Windows are 30 years old
    • Some windows have broken outer panes
  • Electrical is on a fuse panel
    • Wiring type unknown
  • Smokers house
  • No garage
  • Built-in 1945
  • Lot size: 35ft x 110ft
  • R2-3 zoning

Recommended Renovations

  • Full cosmetic renovation
  • Update windows
  • Update roof
  • Potentially add basement unit
  • Update Furnace and HWT
  • Seller has the option to leave contents 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 rental opportunity.

  • Wholesale Price: $129,999
  • We believe that this property is worth $175,000
  • We believe that after a cosmetic renovation this property would sell for $315,000 on the MLS
  • Buy now for 45K BELOW market value!

Comparable Analysis
  • 534 McKim Street  sold for $161,000 in May 2024 after 3 days on the market! This detached brick bungalow consisted of 3 beds, 2 baths and is approximately 700-1000 sqft as per the listing. According to the Listing agent the property was a complete tear down and inhabitable. It is likely that the property was sold to an investor as there was a minor variance and permits set for the property. However the comparable had a larger lot sitting on a 50ft x 110ft lot. However after adjustments and considering the subject property is not in tear down condition, we believe it would sell for a price around $175,000 on the MLS.
  • 533 Granite St sold for $335,000 in June 2024 after only 6 days on the market! This 2 bed 1 bath bungalow sat on a larger 49.92ft x 120.02 ft lot, and has been completely modernized. The property has undergone updates to the siding, roof, windows and main floor cosmetics. However, the basement was left unfinished and would still need renovations to complete it. We believe, after adjustments and completely renovating the subject property it would sell for a price around $315,000.
Click Here To See ALL Available Properties
Need Financing?
If You’re Interested….

Email us at info@slgpropertydeals.ca 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

 
Price:
$129,999
Address:
Sudbury, ON
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home

Call 647-930-0291 for more details