Detached House in St. Thomas! Assigned

  • $250000
  • 4 beds
  • 2 baths

Detached House in St. Thomas! 

Fix & Flip or Hold Opportunity!

$75K BELOW Market Value!



Malakoff Street, St. Thomas

Closing Date: February 16th 2024

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

About the Property

Checkout this 1.5 storey detached house in need of a full renovation in order to restore it to its former glory! This home boasts two bedrooms on the main floor and two bedrooms on the upper floor. It is recommended to redo the stairs going up and downstairs as it is slightly unlevel. Please note this is a smokers house and we recommend that it be addressed. There is no separate entrance to the basement and although there is a lower than average ceiling height it does have lots of storage space. Purchase this property TODAY and list it on the market in time for the spring.

About the Neighbourhood 

The subject property is situated in a good neighbourhood in St. Thomas and is located only 30 minutes away to the London airport. St. Thomas is less than a 20 minute drive to Port Stanley which is known for their beautiful beach and cute antique shops. St. Thomas is located south of the 401 near London. Volkswagen announced that they will be opening their first major electric vehicle factory in St. Thomas in 2027 making this growing city a great opportunity to invest in! This property is close to countless amenities such as restaurants, Wal-Mart, Starbucks, Tim Hortons, LCBO, Food Basics, Canadian Tire, Dollarama, Taco Bell, schools and much more!

Property Details

  • Detached 1.5 storey House
  • 4 bedrooms
    • 2 bedrooms on main floor
    • 2 bedrooms on upper floor
  • 1 bathroom
  • 1259 sqft above grade
  • 883 sqft below grade
  • No separate entrance
  • Basement ceiling height about 5’6″
    • Bulkhead ceiling height about 5’2″
  • Appliances are included
  • 1 parking spot
  • Furnace/AC/HWT are all rentals
    • Furnace and AC will be bought out prior to closing
  • Roof was replaced a few years ago but has to be redone as it was not properly installed, as per seller
  • Windows are about 16 years old and in good condition, as per seller
  • Lot size is 30ft by 65ft
  • Property taxes are approximately $147
  • Zoning is R1

Recommended Renovations

  • Full cosmetic renovation
  • Widen and fix the slant on the current stairs
  • Seller has the option to leave junk behind so we recommend budgeting for junk removal

Pictures and More

The Numbers

We are selling our assignable purchase contract for this excellent Fix & Flip or Buy & Hold opportunity.

  • Wholesale Price: $249,999
  • We believe that this property is worth $325,000 as-is on the MLS
  • We believe after a full renovation and depending on finishes, this property would sell for at least $400,000 on the MLS
  • 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.
St. Thomas
Assignment of Contract
Property Type:

Call 647-930-0291 for more details