Detached House in Barrie! Assigned

  • $599,999


Fix and Flip or Duplex Opportunity


$75K BELOW Market Value!

Ward Drive, Barrie, Ontario

Closing Date: January 10th, 2024

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


About the Property

This detached 3+1 bed, 2 bath raised bungalow has a footprint of 1249 sqft and sits on a 39ft x 111ft lot. The property is dated throughout and will require a full cosmetic renovation however the windows were updated 4 years ago saving the buyer a costly job. There is a non-conforming basement apartment however there are multiple entrances to the main floor and designating the front entrance to the basement unit could create legal duplex potential. This property is perfect for an investor looking to start the new year off with a great flip or an investor looking for a rental with duplex potential!

About the Neighbourhood 

The subject property is situated in the Painswick North area of Barrie. Barrie is located north of the GTA and south of the Muskoka area and is growing quickly due to an influx of people moving in from the GTA. The subject property is close to countless amenities such as LCBO, Tim Hortons, Zehrs, restaurants, schools, and many more! There are multiple bus stops within a 3-minute walk from the subject property and the Barrie South Go Station is located a 6-minute drive from the property providing commuters with easy transportation. Downtown Barrie is located 10 minutes away from the subject property. Hwy 400 is located only 8 minutes away from the subject property providing easy access both south towards the GTA and north towards Muskoka.

Property Details

  • Detached Raised Bungalow
    • 3+1 bedrooms (3 upstairs, 1 in basement)
    • 2 bathrooms (1 upstairs, 1 in basement)
  • 1249 sqft above grade
  • 1009 sqft below grade
  • The basement is a finished non-conforming apartment
    • 1 bedroom
    • 1 bathroom
    • 8ft ceiling height
    • There is a small crawl space located under the main entrance area
    • There is a sump pump but it rarely comes on and there have never been any leaks as per seller
  • Breaker panel
    • copper wiring
  • Built in 1993
  • 1 car attached garage
  • Gas Furnace
    • owned
    • approximately 15 years old as per seller
  • A/C
    • owned
    • 2008
  • HWT
    • owned
    • 2008 as per date on tank
  • Appliances included
    • upper unit: fridge, stove, dishwasher, washer, dryer
    • lower unit: fridge, stove, dishwasher, washer, dryer
  • Roof is from 2011
  • Windows are 4 years old
  • 39ft x 111ft
  • R3 Zoning

Recommended Renovations

  • Full cosmetic renovation
  • Consider converting into a legal duplex
  • The 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 BUY and HOLD opportunity.

  • Wholesale Price: $599,999
  • We believe that this property is worth $675,000 as-is on the MLS
  • We believe that after a cosmetic update, this property should be worth at least $775,000 on the MLS.
  • We believe if converted into a Legal Duplex, after a full renovation this property should be worth around $820,000.
  • Purchase today for $75K BELOW MARKET VALUE

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.
Assignment of Contract
Property Type:

Call 647-930-0291 for more details