🤑Unbeatable Value : Detached Fixer Upper in the $300s!
Wholesale Price: $356,700 (Assignment Fee Included)
***Dundas St & Huron St, Woodstock ON***
Photos/Videos: https://drive.google.com/drive/folders/1CtazaJAdxDT4165yBjPPVJUSMQl4hLoY
FULL BUYER’S PACKAGE:Â
Map Link: https://maps.app.goo.gl/GnDq8iboEjv2GjMc6
Profitable Property is excited to present the cheapest available Detached property in Woodstock by a large margin! This property presents an ideal opportunity for investors seeking a lucrative flip project at an entry level price point.
Woodstock is a growing city, and here’s your chance to acquire a detached house on a 63×100 lot in the mid-$300K range. This property is situated in a central location on a street lined with mature trees and Victorian houses on large lots.
Currently, the house is in need of a full cosmetic update. However, there’s a newer roof on the porch and addition, and some of the windows have been replaced. There is also an updated Breaker Panel. The house is structurally sound for its age.Â
For investors looking for a flip project, there is a lot of value at this price point.Â
Not a single Detached House with the same specifications the has sold below $400k in the last 90 days!Â
There is enough spread to spend money on a full reno and still be profitable. With such an entry level price point, it will continue to remain affordable for a first time buyer looking to enter the market. Get your hands on this profitable property today!
Closing: May 1, 2024(flexible)
Notes: The seller has the right to leave personal items behind in the property.
Property Highlights:
- Detached 2.5 Storey House
- Large 63.6 ft x 100 ft lotÂ
- 3 Bedrooms + AtticÂ
- 1 Full Washroom
- Detached Single Car Garage with Hydro + Driveway Parking for 4 cars
- Original Hardwood Flooring & Trim Throughout
- Year built: 1920
- Taxes: $2,793/year(approx)
- T Zoning
- Roof was partially replaced
- Updated 100 AMP Breaker Panel
- Furnace(2014) in good working order
- HWT Rental
- Some of the Widows have been replacedÂ
Suggested Renos:Â
Junk Removal, Full Cosmetic Update, Replace some Windows, Fix Eavestroughs Â
Comparable Properties:
- 50 Beale St sold for $520,000 on January 5th, 2024
https://housesigma.com/web/en/house/JRv53KpwdQ6YVPW4/50-Beale-Street-Woodstock-N4S6X1-40523428
This property is located less than 2 minutes away from our property. It is also a 2.5 storey century home. It has an additional bathroom but sits on a smaller lot and does not have a garage. It has a dated interior and sold for $520k!
- 553 Hatch st. sold for $499,000 on January 5th, 2024
This property has the same amount of bedrooms and bathrooms as our property. It has a dated interior and still sold for $499k – that’s almost $143k over our price point in spite of not being renovated!
- 217 Sydenham St sold for $490,000 on February 3rd, 2024
https://housesigma.com/web/en/house/Xawjy4N4W6w3rR18/217-Sydenham-Street-Woodstock-N4S7B8-40524964
This property has a similar overall footprint as our property and as the same amount of bedrooms and bathrooms as our property. This property was also dated & was not staged. It still sold for $490k – that’s almost $133k over our price point!