The Numbers
We are selling our assignable purchase contract for this excellent FIX & FLIP or Rental opportunity.
- Wholesale Price: $999,999 or Best Offer
- We believe that this property is worth $1,150,000 as-is on the MLS
- We believe that after a full cosmetic renovation, it should sell for $1,4000,000 – $1,450,000 on the MLS
- Purchase today for $150K BELOW MARKET VALUE
Comparable Analysis
- 33 Oldborough Road sold in February 2021 for $1,163,000. It is a 3 bedroom, 2 bath, bungalow with approximately 1,100 to 1,500 sqft. It sits on a 50 ft x 133 ft lot, is cosmetically outdated inside and has a slightly higher MPAC value then the subject property. Adjusting for the fact that the subject property is a corner lot, we believe that it would sell for approximately $1,150,000 as-is on the MLS.
- 31 Grove Park Cres sold in June 2021 for $1,368,000. It is a detached bungalow with 3 + 1 bedrooms, 1 bath, and a carport. It sits on a 50 ft x 120 ft lot, is approx 1,100 to 1,500 sqft and has been partially renovated inside. The MPAC of this property is slightly higher than the subject property. With nicer finishes than this comparable we believe that an investor should be able to sell for at least $1,400,000 on the MLS.
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