Sprawling yellow bungalow home on a corner lot with stone columns and greenery

Spring Special Detached Property In Welland for well under $300k – A Flipper’s Dream! Assigned

  • $236000
  • 3 beds
  • 2 baths
Assigned

 

Wholesale Price: $236,000 (Assignment Fee Included)

 

*****King St & Fourth St, Welland, ON*****

 

Photos/Videos: 

https://drive.google.com/drive/folders/1j0fQ30LzYA9iO6DfgC_aDsfKywLp7rbT

 

FULL BUYER”S PACKAGE:

 

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 on the dollar – that’s what we call a Profitable Property!

 

Closing: April 30, 2023

 

Map Link: https://goo.gl/maps/pHqNW7QtXX8EuqrM9

 

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

 


Suggested Renos: 

 

Full Renovation, Roof Replacement

 

Comparables:

 

  1. 26 Patsy Ave sold for $358k on Feb 28, 2023

 

https://housesigma.com/web/en/house/gAaOyL85EzbyGxMb/26-Patsy-Avenue-Welland-L3B3M2-40364386

 

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!

 

  1. 30 Albert St sold for $430k on January 30th, 2023 

https://housesigma.com/web/en/house/GMnKYqpwKEb3w1Qr/30-Albert-St-Welland-L3B4L2-X5834926-40336451

 

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.

 

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

 

https://housesigma.com/web/en/house/nbq6y101Lx0Yo9DA/628-Southworth-Street-S-Welland-L3B2A3-40359243

 

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.

Price:
$236000
Address:
rices lane
welland, ON
Lot Size:
34 x 68
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1912
Basement:
Partially Finished

Call (647) 955 2561 for more details

Property Location

Call Us!
(647) 955 2561