Simcoe Assigned

By September 21, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $70,000 BELOW Market Value!
Closing Date: November 1, 2021

**Due to COVID-19 restrictions sight unseen offers are preferred.**

Helen Boulevard, Simcoe, ON

Detached 1.5 Storey property located in the town of Simcoe, just 30 minutes from Brantford. The property is situated near Norfolk Hospital, parks, golf courses, Food Basics, Sobeys and other amenities. The subject property contains 4 bedrooms, 1.5 bathrooms, a separate entrance to the basement and is approximately 1398 sqft. This property has been fairly well maintained with an updated roof and furnace. The subject property is suitable for an experienced investor who is looking for a fix & flip or BRRR with huge upside potential.

Property Features

• Detached 1.5 storey
• 4 bedrooms (3 upstairs, 1 on main floor)
• 1.5 bathrooms
• 1,398 sqft above grade
• 721 square foot basement
• 67 ft Frontage x 154 ft Depth
• Unfinished basement with separate entrance
• Breaker panel, no knob and tube
• Furnace 12 years old (owned)
• Central A/C 12 years old (owned)
• Roof 7 years old (Eavestroughs need to be replaced)
• Windows are older, need to be replaced
• Built in 1915
• R2 Zoning
• Cosmetically outdated

Renovations Needed

• Full cosmetic renovation, finish basement
• New eavestroughs and windows
• Potential to add basement apartment (ceiling height around 6 foot 3)

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

• Wholesale Price: $309,999 or Best Offer
• We believe that this property is worth $380,000 as-is on the MLS
• We believe that after a full renovation this property should be worth at least $500,000 on the MLS.
• Purchase today for $70K BELOW MARKET VALUE

Comparable Analysis

• 93 Mccall Street sold in August 2021 for $350,000. It is a detached 1.5 storey with 3 bedrooms, 1 bathroom, and approximately 1,176 sqft. The inside of the property is very outdated and requires a full renovation. It sits on a 30 ft x 135 ft lot and has an unfinished basement. In comparison the subject property it is in similar condition, but the subject property has a larger lot, more square footage and an extra bedroom and half bath. We believe that the subject property would sell at a much greater price than this comparable in its current condition on the MLS.
• 33 Bellevue Avenue sold in June 2021 for $520,033. It is a detached 2 storey with 3 bedrooms, 1.5 bathrooms, and approximately 1,200 sqft. The property has been modestly renovated, has a detached garage, brick exterior, new deck and sits on a 55 ft x 146 ft lot. In comparison to the subject property, it has one less bedroom and an unfinished basement. We believe that after a full cosmetic renovation and finishing the basement with the potential to add an additional bathroom, the subject property would sell at a price close to this comparable on the MLS.