Detached House in Brantford! Assigned

  • $284,999
  • 3 beds
  • 1 baths
Assigned
Sarah Street, Brantford, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: December 13th, 2024

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

About the Property

Check out this detached two-storey in Brantford! Featuring 3 bedrooms, 1 full bathroom, and 1029 sqft of space, this property is ready to be transformed into something worth appreciating! The property is dated throughout and will require a full cosmetic renovation, especially the upstairs bathroom which will require gutting. There is also some plaster damage throughout the property due to various leaks through the roof over the years. The property sits on a 26.5ft x 120ft lot and has an unfinished basement. There is a cast-iron stack in the basement however there have been upgrades to ABS/PVC over the years. The electrical is already on breaker, with 100amp service and copper wiring. The roof and windows are dated and will need to be replaced. This property is perfect for investors seeking a profitable fix-and-flip or a buy-and-hold in Brantford. Act fast—CALL NOW to seize this amazing opportunity!

Property Details
  • Detached Two Storey
    • Brick and siding
  • 3 bedrooms
    • 2 upstairs, 1 on main
  • 1 full bathroom
  • 1029 sqft above grade
  • 541 sqft below grade
  • Fridge, Stove, Washer, Dryer included in sale in as-is condition
  • Unfinished basement
    • 6ft – 6.5ft ceiling height
    • No separate entrance
  • Roof redone early 2000s as per seller, in need of replacement
  • Windows are original from before 1986, in need of replacement
  • No garage
  • Breaker panel
    • 100 amp, Copper Wiring
  • Furnace is owned
    • Replaced in 2007 as per seller
  • No A/C
  • HWT is rental
    • Less than 10 years old as per seller
  • Built-in 1916
  • Property taxes are approximately $2257
  • Lot size is 26.5ft x 120ft
  • NLR zoning 

Recommended Renovations

  • Full cosmetic renovation
  • Replace cast-iron Stack
  • Replace roof and windows
  • Consider adding A/C
  • 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 Fix and Flip or rental opportunity.

  • Wholesale Price: $284,999
  • We believe that this property is worth $340,000 on the MLS
  • We believe that after the above renovation recommendations are completed, this property should be worth at least $520,000 on the MLS.
  • Purchase today for $55K BELOW MARKET VALUE

Comparable Analysis
  • 80 Sarah Street sold for $330,000 just 17 days ago after only 6 days on the MLS! This comparable detached house has 1 beds, 1 bath, no garage, and a smaller footprint of 993 sqft. The comparable property sits on similar lot size of 28ft x 120ft. The comparable property is dated throughout and would require a full cosmetic renovation, similar to the subject. Therefore, after adjustments, we believe that the subject property would sell for a price around $340,000 on the MLS in AS IS condition.
  • 36 South Street sold for $542,000 in September after only 23 days on the MLS! This comparable detached house has 3 beds, 2 baths, no garage, and has a slightly smaller footprint of 973 sqft. The comparable property sits on a slightly larger sized lot of 34ft x 120ft. The comparable is fully updated throughout, however, the basement is unfinished and we believe the cosmetic upgrades are mediocre. Also, the comparable has siding exterior as opposed to the subject which is brick. Therefore, after adjustments and a full renovation, we believe the property would sell for $520,000 on the MLS.
  • 110 Park Ave sold for $522,000 in May 2024 after 8 days on the MLS. This 2 bed 1 bath bungalow sits on a 65ft x 82ft lot and is about 1007 sqft as per the listing. The property has a 1 car detached garage however does not have a basement. The comparable has been nicely renovated throughout with modern finishes as well as landscaping throughout. Unlike the subject property that sits on a secluded street, the comparable is on a busier street with more traffic. We believe after after a full renovation the subject property would sell for a price around $520,000
Price:
$284,999
Address:
Brantford
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home

Call 647-930-0291 for more details