Whitby Assigned

By August 20, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $100,000 BELOW Market Value!

Closing Date: September 3, 2021

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

Prince of Wales Drive – Whitby, ON

The subject property is a detached backsplit located in the Blue Grass Meadows neighbourhood in Whitby. The property is situated near schools, Whitby Mall, restaurants, Blue Grass Meadows Park and the Whitby Go Train. This property is structurally sound with large upside potential after a cosmetic renovation. Alternatively, an investor can do a light cosmetic renovation and quickly relist it back on the MLS. This property is suitable for a beginner or experienced investor looking to take on a great cosmetic fix and flip or wholetail.

Property Features

• Detached Backsplit
• 2,229 sqft above grade
• 799 sqft basement
• 3 Bedrooms, 2.5 Bath
• 2 car garage
• Unfinished basement
• Brand new A/C & Furnace
• Windows approx. 15 years old
• Roof replaced in 2019
• Laminate floors a couple years old
• Carpet outdated
• Kitchen Outdated
• Breaker panel, copper wiring
• Built in 1979

Renovations Needed

• Light cosmetic renovation (change carpet, new kitchen, paint)

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

• Wholesale Price: $749,999 or Best Offer
• We believe that this property is worth $850,000 as-is on the MLS
• We believe that after a light cosmetic renovation, it should sell for around $900,000 on the MLS
• We believe that after a full cosmetic renovation, the property should sell for around $1,000,000 on the MLS
• Purchase today for $100K BELOW MARKET VALUE

Comparable Analysis

• 337 Prince of Wales Drive sold in March 2021 for $900,000. It is a 3 bedroom, 2.5 bath, backsplit and is an identical build to the subject property. The inside is well maintained but outdated and the property has a finished basement. The MPAC value is slightly lower on this comparable than the subject property. Adjusting for the fact that the subject property has an unfinished basement we believe that it would sell for at least $850,000 as-is on the MLS. Additionally, if an investor does a few cosmetic upgrades (kitchen, flooring and finished basement) to the subject property we believe that it would sell for over $900,000 on the MLS based on this comparable.
• 126 Scott Street sold in March 2021 for $945,000. It is a detached backsplit with 3+1 bedrooms, 2.5 bathrooms and is approx. 2,000-2,500 sqft. This property has been modestly renovated over the last few years, has a fully finished basement and has a slightly higher MPAC value compared to the subject property. We believe that after a full cosmetic renovation of the subject property it should sell for more than this comparable on the MLS.