By November 10th, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $50K BELOW Market Value!
Closing Date: December 17th, 2021

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

Park Ave East, Brantford, Ontario

About the Property

This Detached Bungalow home contains 2+1 bedrooms, 1 bathroom and is 707 sqft.  The roof and windows are over 20 years old and need to be replaced. The property also requires a full cosmetic renovation as it is outdated. The subject property is suitable for a beginner or experienced investor who is looking for a great Fix & Flip or Rental Opportunity in the city of Brantford.

About the Neighbourhood 

The subject property is situated in a quiet area, minutes from the Downtown core. It is near Iroquois park, and minutes from No Frills, restaurants, schools, and Wilfrid Laurier University Brantford campus. The property has easy access to Highway 403 via, and Highway 53. The subject property is also minutes from the Brantford GO bus terminal with routes extending to Hamilton, Burlington and McMaster University.

Property Features

• Detached Bungalow
• 2 bedrooms
• 1 bathroom
• 42ft x 119ft lot size
• 707 sqft above grade
• 689 sqft below grade
• Unfinished basement
• 100 amp breaker panel, copper wiring
• Furnace 12 years old, maintained yearly
• No central A/C
• Paved driveway
• Built in 1946
• Cosmetically outdated
• RC zoning

Renovations Needed

• Full cosmetic renovation
• Roof and Windows

We are selling our assignable purchase contract for this excellent Fix & Flip or Rental 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 at least $525,000 on the MLS.
• Purchase today for $50K BELOW MARKET VALUE

Comparable Analysis

• 45 Drummond Street sold in October 2021 for $430,000. This detached bungalow is also a corner lot home and has 2 bedrooms, 1 bathroom and does not have a garage. The comparable property is approximately 876 sqft. In comparison to the subject property, the comparable is also outdated, but much better maintained. A full cosmetic renovation is needed, along with finishing the basement. However, the comparable has a brick exterior rather than siding. After making some adjustments, we believe the subject property would sell for a price slightly lower than the comparable on the MLS.
• 4 Park Ave east sold in August 2021 for $580,000. This detached 1 ¾ storey which is on the same street as the subject property, has 3 bedrooms, 1 bathroom and does not have a garage. Similarly to the subject property, it has exterior siding rather than brick. The comparable property has been very well maintained and has undergone half a renovation. Areas like the bedrooms and kitchen are still dated but well maintained. Also, the comparable has a fully finished basement and with a fully renovated modern bathroom. After making some adjustments, we believe that the subject property would sell at a price around 500K after a full cosmetic renovation and the addition of a bathroom in the basement.