Detached House in London! Assigned

  • $189,999

About the Property

    Looking for your next flip? Look no further than SLGs latest deal!

This detached house situated in East London has loads of potential. The property consists of 3 bedrooms 1 bathroom and is a total of 800 sqft. This property requires a full cosmetic renovation in order to maximize the ARV. There is some mould in the back room which we believe is coming from a leak in the roof. There is also some water in the kitchen due to a faulty fridge. The porch out front needs some attention as it’s not sturdy. However, given the price point we believe that although there is quite a bit of work in this property the upside is vast! This property is perfect for an investor looking for a spring fix and flip or buy and hold. ACT NOW BEFORE IT’S GONE!

Property Details

  • Detached House
  • 3 bedrooms
  • 1 bathroom
  • 800  sqft
  • No basement
  • Built in 1890
    • moderate renovation done in 1977 as per MPAC
  • Appliances are included
    • Fridge, Stove, Washer, Dryer in AS IS condition
  • Roof and Windows are both old and need to be redone
  • No A/C
  • No garage
  • Breaker panel, copper wiring
  • Lot size 38ft by 71ft
  • Furnace is owned and purchased in 1996
  • HWT is owned and about 10 years old
  • Property Taxes are about $1,344
  • Lot size 38ft by 71ft
  • Zoning is R2-2

Recommended Renovations

  • Full cosmetic renovation
  • Porch needs to be fixed
  • Roof and Windows need to be redone
  • 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 BUY and HOLD opportunity.

  • Wholesale Price: $189,999
  • We believe that this property is worth $260,000 as-is on the MLS
  • We believe after a full cosmetic renovation this property would sell for $375,00 on the MLS
  • Purchase today for $70K BELOW MARKET VALUE
Assignment of Contract
Property Type:

Call 647-930-0291 for more details