Detached House in Niagara Falls! Assigned

  • $439,999
  • 4 beds
  • 2 baths
Assigned
Montrose Road, Niagara Falls, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: July 4th, 2024

*As per our APS – The seller has the option to extend closing to July 11th 2024 if notice is given to buyer by June 21st 2024*

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

About the Property

This detached brick bungalow consists of two 3+1 bedrooms, 2 baths, and has a footprint of 1095 sqft. The property is dated throughout but has had the roof redone within the last 5 years saving the buyer a costly job. The property sits on a 60ft x 130ft lot and has an attached 1 car garage plus an additional 1 car carport setup tandem to the garage. The basement is finished but does not have a full bath, kitchen or separate entrance. The electrical has already been updated to breaker and the wiring is copper throughout. There was a previous leak in the basement ceiling from a pipe in the kitchen but it has already been repaired. Adding a full bath, kitchen, and separate entrance to the basement would add duplex potential to this property! This property is ideal for an investor looking for a great summer flip or an investor looking for a great rental in Niagara Falls.

Property Details
  • Detached 2 Storey Bungalow
  • 3+1 bed
  • 2 bath
    • 1 Full, 1 Powder
  • 2 Fridges, and 1 stove included in the sale in AS IS condition
  • 1095 sqft above grade
  • 1095 sqft below grade
  • Basement is a finished living space
  • Roof was redone within last 5 years as per seller
  • Windows are older
    • Vinyl
    • 1-2 wood frame windows
  • 1 Car Garage
    • Attached
    • Additional 1 car carport located in front of garage
  • Breaker panel
    • Copper Wiring
  • Furnace is owned
    • 15 years old as per seller
  • A/C is owned
    • Exact age is unknown however the unit is very dated
  • Rented HWT
    • Exact age unknown
  • Built-in 1975
  • Property taxes are approximately $3838
  • Lot size is 60 ft x 130 ft
  • R4 zoning

Recommended Renovations

  • Full cosmetic renovation
  • Update Windows
  • Update A/C & furnace
  • 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: $449,999
  • We believe that this property is worth $500,000 on the MLS
  • We believe that after the above renovation recommendations are completed, this property should be worth at least $650,000 on the MLS.
  • Purchase today for $60K BELOW MARKET VALUE

Comparable Analysis
  • 5723 Montrose Road sold for $500,000 just 27 days ago! This comparable bungalow has 3 beds, 1 bath, and has a footprint of 1549 sqft. The comparable property sits on a larger 72ft x 164ft lot and is dated throughout similar to the subject property. The comparable property has a 1 car garage similar to the subject property however there is no carport. Unlike the subject property the basement in the comparable is unfinished. Therefore, after adjustments we believe that the subject property would sell for a price around $500,000 on the MLS in AS IS condition.
  • 5644 Green Avenue sold for $635,000 just 8 days ago! This comparable bungalow consists of 3 beds, 2 baths, and has a footprint of 1255 sqft. The comparable sits on a 70ft x 121ft lot and is dated throughout similar to the subject property. The comparable has a finished basement similar to the subject property however unlike the subject property, the comparable basement has a full bath and a kitchen. Similar to the subject property the comparable has no separate entrance for the basement. Unlike the subject property, the comparable is not on a main street which adds value. Therefore, after adjustments we believe that the subject property would sell for a price around $500,000 on the MLS in AS IS condition.
  • 7243 Dirdene Street sold for $685,000 just 15 days ago! This comparable bungalow consists of 3+1 beds, 2 baths, and has a footprint of 1200 sqft. The comparable sits on a smaller 50ft x 100ft lot and has been completely renovated throughout. The comparable has a finished basement and a 1 car garage similar to the subject property. The comparable is located 7 minutes from the subject property. Unlike the subject property, the comparable is not on a main street which adds value. After a full renovation and adjustments, we believe the subject property would sell for a price of around $650,000 on the MLS.
Price:
$439,999
Address:
Niagara Falls
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1975

Call 647-930-0291 for more details