Detached Shell Bungalow in Tiny Assigned
|Wholesale Price of $899,999 or Best Offer!
By March 21st, 2022
Realtors bring your clients, just add your commission to the purchase price!
Purchase this Property Today for $75K BELOW Market Value!
Closing Date: April 13th, 2022
**Due to COVID-19 restrictions sight unseen offers are preferred.**
Concession Road 9 West, Tiny, Ontario
About the Property
This detached shell bungalow consists of 2+2 bedrooms, 2 bathrooms (rough-in only) and is approximately 1845 sqft. This property is an investors dream, the home is currently going through a renovation and the buyer will have the opportunity to finish it up to their liking! The roof was replaced in 2021 and the property has been fully waterproofed. The property sits on 16 acres with many walking trails for the nature enthusiast to enjoy. There are a number of ways to WIN with this property as you can fix it up to flip, hold as a short term rental or use as a weekend getaway as it’s only a 5 minute drive to the beach. This house is perfect for an investor looking for a fix and flip or rental potential in the heart of Tiny!
About the Neighbourhood
The subject property is situated in Tiny township which is located on the southeast end of the Georgian Bay. Tiny is located close to other towns such as Midland, Penentanguishene, and only a 25 minute drive to Wasaga beach. Mount St Ski Resort is located only a 30 minute drive to Tiny! The property is about a 40 minute drive to Barrie and 1.5 hour from the GTA. Tiny is located about 30 minutes from Highway 400.
- Detached bungalow
- 2+2 bedrooms
- 2 bathrooms (rough-in only)
- 1845 sqft above grade
- 1845 sqft below grade
- Property taxes are about $3083
- Breaker panel
- Copper wiring
- Built in 1992
- No furnace or HWT
- Separate entrance
- Roof replaced in 2021 as per the seller
- Windows are original as per the seller
- 16 acres
- A Zoning
- Electrical, plumbing, and HVAC roughins are completed, finishes still need to be done
- Drywall needs to be finished
- Kitchen and bathrooms need to be put in
- Consider adding a secondary unit in the basement
We are selling our assignable purchase contract for this excellent Fix & Flip or Rental opportunity.
- Wholesale Price: $899,999 or Best Offer
- We believe that this property is worth $975,000 as-is on the MLS
- We believe that after a full renovation this property should be worth at least $1,350,000 on the MLS.
- Purchase today for $75K BELOW MARKET VALUE
- 101 Concession Road 12 East sold for $1,250,000 in November 2021. This property sits on a bigger lot size but is outdated throughout. The comparable has an unfinished basement but the main floor is complete. There is potential to renovate the subject property to achieve a higher resale value than the comparable. After taking into consideration the lot size and market appreciation we believe the subject property would sell for at least $975,000 “as-is” on the MLS.
- 13 Greenwood Drive sold for $1,235,000 in March 2022. This renovated bungalow showcases the potential of the subject property. The comparable sits on a smaller lot size and is smaller in size. The comparable also has an unfinished basement. The MPAC of the comparable is lower than the MPAC of the subject property. Therefore, after adjustments and depending on finishes, we believe the subject property should sell for at least $1,350,000 on the MLS.
|If You’re Interested….
Email us at email@example.com 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
- Tiny, ON
- Lot Size:
- 16 Acres
- Assignment of Contract
- Property Type:
Call 647-930-0291 for more details