Duplex Potential! Detached Bungalow in Sudbury! Assigned

  • $324,999
  • 3 beds
  • 2 baths
  • 1845 sqft

Duplex Potential! Detached Bungalow in Sudbury!

Fix & Flip or BRRR Opportunity

$75K BELOW Market Value!

Gemmell Street

Gemmell Street, Sudbury, Ontario

Offer Date: October 26th, 2022
Closing Date: November 30th, 2022

About the Property

Check out this quaint detached bungalow consisting of 3+1 bedrooms and 2 bathrooms. This property is 1845 sqft and there is potential to duplex it. The basement has a separate entrance with a kitchen already in place! There was a water leak from the washing machine but has since been fixed. This structurally sound property has a ton of potential and would benefit from a cosmetic renovation! This property is perfect for an investor looking for a winter fix and flip project or BRRR opportunity.

About the Neighbourhood 

The subject property is situated in a desirable neighbourhood in Sudbury. The property is a 20 minute drive into the downtown core of Sudbury. Surrounded by countless amenities including multiple independent Grocery Stores, Costco, Bestbuy, Winners, McDonalds and more this property is perfectly located. There are multiple GOVA transit (Sudbury transit system) bus stations located within walking distance of the property as well. There is also a VIA Rail Station approximately 5 minutes away from the property, connecting Sudbury to Toronto by train. Sudbury is also accessible from Highway 69, which extends south connecting to Highway 400, into southern Ontario.

Property Details

  • Detached Bungalow
  • 3+1 bedrooms
  • 2 bathrooms
  • 1845 above grade
  • 1845 below grade
  • Finished basement with kitchen
  • Separate entrance
  • Property taxes are about $
  • No A/C
  • Electric baseboard heating
  • Roof redone in 2021
  • Windows redone 2012
  • Attached 1 car garage
  • The HWT is 6 years old and is a rental
  • Breaker wiring
  • Built in 1960
  • 57.90ft x 130ft
  • R1-5 Zoning

Recommended Renovations

  • Full Cosmetic Renovation
  • Consider adding an A/C
  • Consider converting into a legal duplex
  • Seller has the option to leave contents behind so we recommend budgeting for junk removal
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.

  • Wholesale Price: $324,999 or Best Offer
  • We believe that this property is worth $400,000 as-is on the MLS
  • We believe that after a full renovation this property should be worth at least $515,000 on the MLS
  • Purchase today for $75K BELOW MARKET VALUE!!

Comparable Analysis

  • 815 Attlee Avenue sold for $374,000 in September 2022. This comparable consists of 2 beds 2 baths and is much smaller in size than the subject property. The comparable does not have a garage and sits on a smaller lot size. The comparable is completely dated throughout and would require a full renovation to maximize ARV. The comparable has siding as opposed to the subject property which is brick. Photos for the comparable property can be seen in the dropbox. Therefore, after adjustments, we believe the subject property should sell for at least $400,000 “as-is” on the MLS
  • 129 Kipling Court sold for $469,900 in September 2022. This comparable is a 3+1 beds 2 bath and is slightly bigger in size. The comparable has forced air and A/C and sits on a slightly larger lot size. The comparable comes with a fully finished basement with a bedroom in the basement. Similar to the subject property the comparablle is dated throughout and has carpet and popcorn ceiling. Photos for the comparable property can be seen in the dropbox. Therefore, after adjustments, we believe the subject property should sell for at least $400,000 “as-is” on the MLS
  • 1002 Blenheim Avenue $522,000 in August 2022. This comparable consists of 3+2 beds 2 baths and sits on a similar lot size. The comparable has been renovated within the last 10-15 years with very modest finishes. Photos for the comparable property can be seen in the dropbox. Therefore, after a full cosmetic renovation, and depending on finishes, we believe the subject property should sell for at least $515,000 “as-is” on the MLS
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Need Financing?
Looking for a construction cost estimate?

SLG Capital will manage the construction of this project from start to finish. If you’re looking for an estimate please email info@slgcapital.ca

If You’re Interested….

Email us at info@slgpropertydeals.ca or call Luca at 647-492-8326. Luca 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.
Sudbury , On
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Assignment of Contract
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Call 647-930-0291 for more details