| Bridle Wood, Burlington, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: June 20th, 2023
** Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Checkout this structurally sound property in need of a full cosmetic renovation to bring it back to its glory! The upper floor has its original hardwood floors that could be salvageable if refinished. The basement has a separate entrance that could potentially be converted into a separate suite as there is enough basement ceiling height and a 3pc washroom. The seller recently started to update the fence in the backyard with 2/3 of it completed. Some windows may be salvageable but we would recommend updating most of them. This property is perfect for an investor looking for a spring fix and flip or BRRR project.
About the Neighbourhood
The subject property is situated in the Appleby neighbourhood of Burlington. Located just minutes from the 403 highway on the South side. Burlington is located about 25 minutes West of Oakville and 20 minutes East of Hamilton. Burlington GO station is located 10 minutes from the subject property and connects to other major stations such as Toronto in an hour. The subject property is a 15 minute drive to the Joseph Brant Hospital. The property is surrounded by countless amenities including, Starbucks, Tim Hortons, Starbucks, Superstore, LCBO, restaurants, and much more. The appleby GO Station is located minutes from the subject property.
Property Details
- 3-Level Sidesplit House
- 3 bedrooms
- 2 bathrooms
- 1200 sqft above grade
- 619 sqft below grade
- Basement Ceiling Height is 8″-9″ft
- Property taxes are about $3836
- Breaker panel, copper wiring
- Built in 1967
- Furnace and A/C are owned and purchased in 2019
- HWT is a rental
- Roof redone 2018
- Windows are dated, some are in good condition, seller unsure of age
- 50ft x 115ft
- R3 Zoning
Recommended Renovations
- Full cosmetic renovation
- Consider adding a unit in the basement
- The seller has the option to leave junk behind so we would recommend budgeting for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.
- Wholesale Price: $999,999 or Best Offer
- We believe that this property is worth $1,100,000 as-is on the MLS
- We believe that after a full cosmetic renovation this property should be worth at least $1,300,000 on the MLS.
- Purchase today for $100K BELOW MARKET VALUE
Comparable Analysis |
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- 568 Parkside Burlington sold for $1,140,000 in April 2023. This comparable consists of 3 bedrooms 2 bathrooms and is similar in size. The comparable comes with an attached garage and sits on a slightly smaller lot size. The comparable sold just 3 days after being listed!! Similar to the subject property, this property is completely dated throughout. Therefore, after adjustments, we believe this property would sell for at least $1,100,000 “as-is” on the MLS.
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- 5323 Salem Road sold for $1,328,888 in May 2023. This comparable consists of 3+1 bedrooms 3 bathrooms and has been completely renovated throughout, apart from the kitchen. The comparable is larger in size than the subject property and sits on a similar lot size as the subject property. Therefore, after adjustments, and depending on finishes, we believe this property would sell for at least $1,300,000 “as-is” on the MLS.
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- 5304 Riverside Drive sold for $1,442,500 in May 2023. This comparable is a 3 bed 2 bath property and is bigger in size than the subject property. The comparable sits on a larger lot size and has been nicely renovated throughout. The comparable is a 4 level sidesplit whereas the subject property is only a 3 level sidesplit. Therefore, after adjustments and a full cosmetic renovation, we believe this property would sell for at least $1,300,000 on the MLS..
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| Need Financing? |
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| Looking for a construction cost estimate?
SLG Renovations will manage the construction of this project from start to finish. If you’re looking for an estimate please email info@slgrenovations.ca
View our past projects here |
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| If You’re Interested….
Email us at info@slgpropertydeals.ca 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 |
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