St Catharines Assigned

By November 22, 2020
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $40,000 BELOW Market Value!
Closing Date: December 11, 2020

Page Street, St. Catharines, ON

Cheapest single family detached property you can find in St. Catharines! The subject property is located in the Queenston area of St. Catharines. Situated near the property are multiple restaurants, Tim Hortons, LCBO and Centennial Gardens. This property is suitable for a beginner or experienced investor looking to take on a cheap fix and flip or great BRRR.

Property Features

• 1 full storey
• 740 sqft above grade
• 270 sqft basement
• 2 Bedrooms, 1 Bath
• 26 ft Frontage x 73 ft Depth
• Furnace is rented and approximately 2 years old. Furnace rental contract is transferable
• Hot water tank is rented and about 2 years old
• Roof was recently redone according to the seller
• Windows were done within the last 5 years and are in good shape
• Breaker panel, no visible knob and tube

Renovations Needed

• Needs a full cosmetic renovation
• Back extension has detached from the house and needs to be torn down and redone

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

• Wholesale Price: $179,999 or Best Offer
• We believe that this property is worth $220,000 as-is on the MLS
• We believe that after a full cosmetic renovation this property should sell for at least $290,000 – $310,000 on the MLS
• Purchase today for $40K BELOW MARKET VALUE

Comparable Analysis

• 20 St. George Street sold in September 2020 for $231,777. Its a vinyl siding bungalow with 2 bedrooms, 1 bathroom and is approx 640 sqft. It sits on a 40 ft x 80 ft lot, is fully outdated inside and has an unfinished basement. We believe the subject property would sell very close to this comparable as-is on the MLS.
• 4 Cross Street sold in August 2020 for $360,000. It is a detached 1.5 storey house with 2 bedrooms, 1 bathroom and is approximately 1,400 sqft. The property sits on a 50 ft x 100 ft lot, and has been fully renovated from top to bottom with the basement left unfinished. The subject property is 4 houses down from this comparable, therefore we believe that after a full renovation of the subject and accounting for adjustments in property and lot size, the subject should sell for at least $290,000 – $310,000
• 9 Prince Street sold in September 2020 for $299,000. It is a detached vinyl siding bungalow with 2 bedrooms, 1 bathroom and is approx. 799 sqft. It sits on a 33 ft x 127 ft lot and is partially renovated inside. We believe that the subject property would sell very close to this comparable after a full renovation.