By December 14th, 2021
Realtors bring your clients, just add your commission to the purchase price!

You can’t find a detached home under 899K in Bradford!
Purchase this Property Today for $60K BELOW Market Value!
Closing Date: January 14th, 2022
Buyer agrees to pay Seller’s lawyer fee upon closing for no more than $1500

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

William Street, Bradford, Ontario

About the Property

This Detached Bungalow home contains 3 + 1 bedrooms, 2 bathrooms and is 974 sqft. The main floor windows were replaced in 2011, and only the basement windows need upgrading as they are original. The roof is original and dated thus needs to be replaced. The property requires a full cosmetic renovation both upstairs and downstairs. The seller put a piece of drywall closing the upstairs to downstairs staircase, which can easily be taken down bringing it back to a single family home. There is currently a basement apartment with separate laundry room, kitchen and bedroom however the height does not meet requirements for a legal duplex. The property is suited for a beginner or experienced investor who is looking for a Fix & Flip or Duplex Opportunity in the booming city of Bradford.

About the Neighbourhood 

The subject property is situated in a beautiful neighborhood in Bradford. The property is located down the street from downtown, east of Simcoe Road and south of Holland Street West. The property is situated near the Bradford and District Community Center, and is close to countless amenities such as restaurants, shops on the downtown strip, Sobeys, Food Basics, Rexall, Home Depot and schools. Bradford also has great transportation services, with GO train routes extending north to Barrie, and South to Toronto. Bradford is also perfectly situated off Highway 400 making it very accessible from neighboring cities.

Property Features

• Detached Bungalow
• 3+1 bedrooms
• 2 bathroom
• Large single car, detached garage
• 42ft x 127ft lot
• 974 sqft above grade
• 830 sqft below grade
• Roof needs to be replaced
• Basement windows need to be replaced
• Main floor windows replaced in 2011
• Finished basement, 6.5ft ceiling, 6’2 under bulkhead
• Separate entrance to basement
• Breaker Panel, copper wiring
• Furnace 5 years old, great condition
• Water Tank purchased in 2016
• Central A/C purchased in 2016
• Paved driveway with long 40ft garage
• Built in 1970
• Solid foundation, no issues with leaks or moisture
• Pavement tilts away from house
• Cosmetically outdated
• R2 zoning

Renovations Needed

• Full cosmetic renovation
• Basement windows
• Roof

We are selling our assignable purchase contract for this excellent Fix & Flip or Duplex opportunity.

• Wholesale Price: $769,999 or Best Offer
• We believe that this property is worth $830,000 as-is on the MLS
• We believe that after a full cosmetic renovation this property should be worth at least $935,000 on the MLS.
• Purchase today for $60K BELOW MARKET VALUE

Comparable Analysis

• 29 Luxury Ave sold in October 2021 for $882,500. This detached brick bungalow has 3 beds, 2 bathrooms and an attached single car garage. The comparable property is a corner lot unit and approximately 1200sqft, so it is larger than the subject property. The comparable property is extremely dated and needs a full cosmetic renovation. However the subject property has an extra bedroom in the basement, with the possibility of adding a second, thus meaning it has perfect duplex potential. Also, the subject property has a much larger garage that can fit 2 cars and a small workshop, and a more desirable lot since it is not a corner lot property. After adjustments, we believe in its current condition the subject property would sell for a price slightly below the comparable, on the MLS.
• 191 James Street sold in November 2021 for $955,000. This detached raised bungalow has 3+2 bedrooms, 2 bathrooms, 1 attached garage, and is approximately 1200sqft. The comparable property has undergone tasteful renovations including the upstairs kitchen, bathrooms, bedrooms and flooring throughout. Similar to the subject property, the comparable has a separate entrance, a second kitchen and extra bedrooms in the basement. However, the comparable property sits on a much less desirable 63ftx68ft lot. After some adjustments, and a full cosmetic renovation, we believe the subject property would sell for a price slightly less than the comparable on the MLS.