Detached House in Brantford! Assigned

  • $339,999
  • 4 beds
  • 2 baths
Assigned
Richardson Street, Brantford, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: November 15th, 2024

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

About the Property

Check out this detached bungalow in Brantford! Featuring 4 bedrooms, 2 full bathrooms, and 1528 sqft of space, this property is ready for transformation. The property suffered fire damage in September due to a fire that started in the bedroom next to the kitchen. There is fire and smoke damage throughout the house as well as some damage to the exterior of the home. The property sits on a 42ft x 126ft lot and has an unfinished basement. The electrical is already on breaker and the windows and roof have been redone in the last 12 years saving the buyer a costly upgrade. Due to the fire, the hydro has been disconnected. 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 Bungalow
  • 4 bedrooms
  • 2 full bathrooms
  • 1528 sqft above grade
  • 907 sqft below grade
  • Unfinished basement
    • 5.5ft – 6ft ceiling height
  • Roof replaced 12 years ago as per seller
  • Windows were redone 12 years ago as per seller
  • No garage
    • Shed located in the backyard
  • Breaker panel
    • Copper Wiring
  • Furnace is owned
    • 2 years old as per seller
  • A/C is owned
    • Older than 8 years as per seller
  • HWT
    • Rental with Reliance, around 4-5 years old as per seller
  • Built-in 1906
  • Property taxes are approximately $3479
  • Lot size is 42.98ft x 126.38ft
  • NLR zoning 

Recommended Renovations

  • Full cosmetic renovation
  • Some exterior siding and soffit/fascia repair
  • 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: $339,999
  • We believe that this property is worth $390,000 on the MLS
  • We believe that after the above renovation recommendations are completed, this property should be worth at least $580,000 on the MLS.
  • Purchase today for $50K BELOW MARKET VALUE

Comparable Analysis

  • 105 Brunswick Street sold for $470,000 just 6 days ago! This comparable detached house has 2 beds, 1 bath, no garage, and a smaller footprint of 1156 sqft. The comparable property sits on a larger lot size of 70ft x 129ft. The comparable property has had some minor updates however it is mostly dated throughout and would require a cosmetic renovation. Unlike the subject property the comparable is livable as there’s no fire damage. Additionally the comparable has an inground pool, unlike the subject property. Therefore, after adjustments, we believe that the subject property would sell for a price around $390,000 on the MLS in AS IS condition.
  • 66 Oak Street sold for $396,500 just 21 days ago after only 9 days on the market! This comparable detached house has only 2 beds, 1 bath, no garage, and has a smaller footprint of 903 sqft. The comparable property sits on a smaller 37ft x 62ft lot and has 2 fewer bedrooms and 1 less bathroom than the subject property. The comparable property is mostly outdated throughout however unlike the subject property it’s in livable condition. Therefore, after adjustments, we believe that the subject property would sell for a price of around $390,000 on the MLS in AS IS condition.
  • 92 Walnut Street sold for $600,000 in June 2024. This comparable detached house has 3 beds, 2 baths, no garage, and has a slightly smaller footprint of 1424 sqft. The comparable property sits on a similar lot size of 40ft x 132ft. Although the comparable has one less bedroom it is completely renovated throughout. Similar to the subject property the comparable has an unfinished basement and no garage. Therefore, after adjustments and a full renovation, we believe the property would sell for $580,000 on the MLS.
Price:
$339,999
Address:
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home

Call 647-930-0291 for more details