Fort Erie Assigned

By April 12, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $50,000 BELOW Market Value!
Closing Date: June 1, 2021

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

*Note: The property currently has 2 tenants. The landlord has signed N11s as well as cash for key agreements with both tenants to vacate by June 1, 2021.

Idylewylde Street, Fort Erie, ON

Detached 2 storey legal duplex located on a quiet street in Fort Erie. The subject property is a legal, non-conforming duplex with 3 +2 bedrooms, 3 bathrooms and is approximately 2,000 sqft above grade. The property is situated near schools, restaurants, shops and the Fort Erie race track. The subject property is suitable for a beginner or experienced investor who is willing to take on a great fix & flip or BRRR opportunity. Given the lot configuration there is also the potential to build a coach house on this property in the future if Fort Erie allows it.

Property Features

• Detached 2 storey duplex
• 1,938 sqft first and second floor
• 500 sqft basement
• Separate entrance
• 3+2 beds, 3 baths
• 50 ft Frontage x 100 ft Depth
• Separate hydro & gas meters
• 2 breaker panels
• 2 furnaces
• Roof is about 6 years old
• Most windows are in good shape
• Built in 1912
• R3 Zoning
• Some cast iron/galvanized plumbing

Renovations Needed

• Cosmetic renovations throughout both units
• Remove cast iron plumbing
• Fix small crack in foundation

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 $400,000 as-is on the MLS
• We believe that after a full cosmetic renovation this property should be worth $550,000 on the MLS
• Purchase today for $50K BELOW MARKET VALUE

Comparable Analysis

• 193 Idylewylde st sold 10 days ago for $480,000. It is a large detached 2 storey duplex with 4 bedrooms, 2 bathrooms and no garage. It is 1,834 sqft and the outside has been renovated including new siding, waterproofing, roof and concrete driveway. The inside is still very outdated. The outside of the subject property is already in good condition. Therefore, we believe that after a full cosmetic renovation inside, an investor should be able to attract good tenants and obtain a refinance value of around $550,000.