🏠🤑Detached Property In Welland for well under $300k - A Flipper’s Dream!🏠🤑

*↓Click on the photo below for Photos & Videos↓*

 

PURCHASE PRICE: $236,000

***King St & Fourth St***

Welland, ON

Map

PROPERTY INFO

Calling all flippers that have been waiting on the sidelines - this is your chance to get your hands on a detached property at a super discounted price point!


This property is located within walking distance to the Welland Canal and the Welland County General Hospital. Located on a small lane with low traffic, this house is perfect for investors looking to acquire a low risk, entry level house.  


This property needs a full cosmetic renovation along with a new roof.



Due to the scope of work required, it is a perfect blank slate for investors looking to add their personal touch. With a sub $250k purchase price, you should even be ok renting this out as a Single Family Home! 


There is not a single MLS listed detached property available in Welland for under $300k. We estimate this property to be worth at least $390k after a basic renovation…it's available to you today at 60 cents the dollar - that’s what we call a Profitable Property!


CLOSING: April 30th, 2023


PICTURES & VIDEOS
 
PROPERTY HIGHLIGHTS
  • Located close to the Welland Recreational Canal
  • 3 Bedrooms
  • 2 Bathrooms
  • 34 x 68 lot
  • Detached Single Car Garage 
  • Parking for 3 Cars
  • Side Entrance to Basement
  • Taxes: $1414.03/year(approx)
  • Year Built: 1912
  • Furnace,A/C & HWT Owned
  • Some of the Windows have been replaced
  • Walking distance to the Welland County General Hospital
  • Vacant Possession
  • Seller will leave the property in Broom Swept Condition as per APS


PROPERTY RENOVATIONS

Full Renovation, Roof Replacement

PRICE

PRICE: $236,000

(Assignment Fee Included)

COMPARABLES

26 Patsy Ave sold for $358k on Feb 28, 2023


This property has the exact same amount of bedrooms and bathrooms as our property. It also has a very similar lot size, and needs a full reno. An apples to apples comparison to our property and sold for $122k over our price less than a month ago!

30 Albert St sold for $430k on January 30th, 2023


This property has a very similar footprint as our property. Same number of bedrooms and bathrooms, similar frontage, and a single car garage. It was tastefully renovated and sold for $430k less than 2 months ago- that’s almost a $200k spread from our price.

628 Southworth St. S sold for $385k on February 1st 2023


This property is smaller than our property- it has one less bedroom and one less bathroom. It also does not feature a garage. The property was partially renovated and sold for $385k last month.

PROCESS

If you are interested and serious, please contact Paul at 647-955-2561 or email profitableproperty10@gmail.com if you have any questions.


We will also consider offers sight unseen!  


Please do not go directly to the address.


Realtors, add your commission amount and bring us a buyer!


READY TO MAKE AN OFFER

Text Paul at - 647-955-2561

  • With the following information:
  • 1) Offer price
  • 2) Deposit amount
  • 3) Name and Email
FINANCING OPTIONS

We have partnered with Calvert Home Mortgage Investment Corporation

They can:


  • Lend the assignment fee
  • Competitive Interest Rates
  • Fund Quickly
  • Mortgages are fully open: No prepayment penalty & No renewal fee
  • Free Valuations ($450 savings)


Let us know if this is of interest to you and we will connect you with them.

 
Address: Greater Toronto Area,
ON L1N 6E2
Phone: (647) 955 2561
 
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