Semi-Detached House in Niagara Falls! Assigned

  • $379,999
Assigned

Semi-Detached Backsplit House in Niagara Falls!

$70K BELOW Market Value!

Aintree Drive, Niagara Falls, ON

Offer Date: FIRST COME FIRST SERVE
Closing Date: November 30th 2023 

** Realtors bring us a client and add your commission on top of the purchase price**

 

About the Property

Attention all investors looking for a cosmetic Fix and Flip to start soon; This deal is right for you!
This semi detached backsplit property consists of 3+1 bedrooms, 1 bathroom and is approximately 943 sqft. The property is dated and is in need of a cosmetic renovation. The furnace has had some issues with the heat exchanger, meaning an investor may need to account for the cost to replace the unit. However the roof and windows are both approximately 10 years old and are in good condition according to the seller. This property would be perfect for an experienced or new investor looking for a property to quickly add to their portfolio to flip/keep as a rental property.

About the Neighbourhood 

The subject property is situated in a desirable neighbourhood in Niagara Falls; precisely located in a pocket West of the QEW and south of Thorold Stone Rd. This quiet community is situated perfectly for families as it is not directly downtown, however it is in walking distance to many amenities, specifically restaurants, schools, parks and grocery stores. Niagara Falls is located very close to the United States and is a short drive to the rainbow bridge. The property is also great for commuters as the QEW is less than 5 minutes away!

Property Details

  • Semi Detached backsplit
    • 4 level backsplit
  • 3 bedrooms
  • 1 full bathroom
  • 943 sqft above grade
  • 961 sqft below grade
  • Built in 1975
  • Basement unfinished
    • Seller sectioned off area for a bathroom. Plumbing work would need to be done to connect the drain to the main stack as well as venting for the bathroom
  • Basement ceiling height is approximately 7 ft in both lower levels of the basement
  • Basement does have some small cracks on the wall
    • a buyer may consider doing injections to ensure no water enters
  • There is a side entrance than can be configured into 2 units
  • Appliances included are as follows
    • 1 fridge
    • 1 stove
    • 1 washer
    • 1 dryer
  • Unpaved driveway
  • Breaker panel, aluminum wiring
  • A/C approximately 10 years old
    • good working condition as per seller
  • Furnace is older and needs repairs
    • as per the seller there is an issue with the heat exchanger and the furnace needs maintenance
  • HWT is a rental, replaced in 2023
  • Roof is about 10 years old as per seller
  • Windows are about 10 years old as per seller
  • Property taxes are approximately $2694
  • 30 ft x 200 ft lot
  • Zoning R2

Recommended Renovations

  • Cosmetic Renovation
  • Upgrade / Fix furnace
  • Pave driveway
  • Add bathroom in the basement if a buyer desires
  • Seller has the option to leave junk behind so we recommend budgeting for junk removal

Pictures and More

The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.

  • Wholesale Price: $379,999
  • We believe that this property is worth $450,000 as-is on the MLS
  • We believe after a cosmetic update the subject property would sell for at least $580,000 on the MLS
  • Purchase today for $70K BELOW MARKET VALUE

If You’re Interested….

Email us at info@slgpropertydeals.ca or call Jocelyn at 647-930-0291. Jocelyn can answer any questions you have and set up a time to view the property.

 

Please Do Not Go Directly to the Property

 

Disclaimer: The contents of this email are for informational purposes only. We are not home inspectors or appraisers. Please ensure you do your own due diligence.
Price:
$379,999
Address:
Niagara Falls
Terms:
Assignment of Contract
Property Type:
Home

Call 647-930-0291 for more details