St. Catharines Assigned

  • $349,999
  • 3 beds
  • 2 baths
  • 1015 sqft
Wholesale Price of $349,999 or Best Offer!

By February 9, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $30,000 BELOW Market Value!
Closing Date: February 26, 2021

Gale Cres, St. Catharines ON

Detached bungalow with basement apartment perfect for a fix & flip or BRRR. The subject property contains a 2 bed, 1 bath unit upstairs and a 1 bed, 1 bath unit in the basement. Situated near the property is the St. Catharines Golf & Country club, Tim Hortons, LCBO, retail restaurants and more.

Note: The property is currently occupied by 2 tenants. The main level is currently paying $1,325/month and the lower level is currently paying $1,000/month. As part of a condition to our purchase contract we have requested that the seller obtain n11s from each tenant to vacate the property by April 30, 2021.

Property Features

  • Detached bungalow
  • 1015 sqft above grade
  • 1015 sqft basement
  • Upper level: 2 bed, 1 bath
  • Lower level: 1 bed, 1 bath
  • 35 ft Frontage x 91 ft Depth
  • R3 Zoning
  • Side entrance
  • Shared laundry
  • Furnace is owned and approximately 14 years old.
  • Hot water tank is rented and about 10 years old
  • Half of the roof was replaced in 2017, the other half is older however shows little signs of wear
  • Windows are in good shape
  • 2 separate breaker panels

Renovations Needed

  • Full cosmetic renovation
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent FIX & FLIP or BRRR opportunity.

  • Wholesale Price: $349,999 or Best Offer
  • We believe that this property is worth $380,000 as-is on the MLS
  • We believe that after a full cosmetic renovation this property should be worth $500,000 on the MLS
  • Purchase today for $30K BELOW MARKET VALUE

Comparable Analysis

  • 42 Gale cres sold in December 2020 for $405,000. It is a detached bungalow with 3+1 bedrooms, 2 bathrooms, 1 car garage and is approximately 998 sqft. It is unrenovated inside like the subject property and only has 1 kitchen. We believe this comparable is very similar to the subject property with the exception that it has a garage. Discounting for the fact that the subject property does not have a garage we believe the as-is MLS value is $380,000.
  • 29 Division st sold in October 2020 for $375,000. It is a detached 2 storey with 3+1 bedrooms, 2 bathrooms, no garage and is approximately 1,200 sqft. It is unrenovated inside but operates as 2 separate units. We believe that the subject property would sell very close to this comparable as-is on the MLS.
  • 44 Woodland ave sold in January 2021 for $520,000. It is a detached bungalow with 3 bedrooms, 2 bathrooms, 2 car garage and is approximately 1,100 sqft. The main floor has been fullly renovated however the basement is unfinished. After a full cosmetic renovation of the subject property we believe that an investor should be able to get very close to this value on the MLS
If You’re Interested….

Email us at or call Sal at 416-993-5279. Sal can answer any questions you have and set up a time to view the property.


Please Do Not Go Directly to the Property


We will be scheduling one time for all viewings. Afterwards, we will take the best offer. We will also consider offers sight unseen (can be conditional on viewing), but only if you’re 99% sure you want the deal. Please give us a call if you are interested or have any questions.

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. Catharines, ON
Square Feet:
Lot Size:
35 x 91
Assignment of Contract
Property Type:

Call 647-930-0291 for more details