>100K Undervalued! Two Semis Converted to a ~4,100sqft Single Family Home! Severance Potential, Duplex Conversion in Amazing Neighbourhood of Woodstock: 1000 Block Warwick St, Woodstock For Sale

  • $595000
  • 7 beds
  • 2.5 baths

Wholesale Price: $595K (Or Best Offer)
Estimated As-Is Value: ~$720K
Estimated After Repair Value: ~$950K+
ARV as Two Semis: ~550k each semi detached house (1.1mil)

Offer Deadline: January 25, 2023
Closing: February 28, 2023

Why This Property?

      Flip, Convert this property back into two Semi-Detached homes or BRRRR for profits! This property was formerly two semi-detached properties converted into a single family home per the seller  (See documents in drive). Zoned as RD2 this property can be easily converted to a duplex or two semis as zoning allows (buyer to confirm). Investors can either flip or BRRRR this property as a result, or simply just sell this property as a single family home flip due to the massive ~4100sqft finished living space of the property

      Currently the owner has it separated into 2 units (non-conforming)- upper unit and main unit. The upper unit is rented at $2,500 month to longer term tenant but will be vacant upon possession

      According to MPAC the above grade sqft for this property is 2790 and basement sqft is 1311 – totalling over 4000sqft of living space. This makes the subject property drastically larger than any other sold property or any other property actively listed on the MLS

      Neighbouring properties even in today’s market sell for well over 600k+ and are drastically smaller with much less potential. 97 Lyndale sold for 699k in January 2023 and is only a 4 minute walk away. The property is less than 2400sqft in finished living space (including the basement) and still requires light cosmetic renovations throughout. Moreover, there is no in-law suite in the property too, and the property possesses must less overall potential for upside.

      Buy the property for over 100k below today’s market value! This is a massive hedge against current market climate – even if prices correct, there is still a large spread and multiple exit strategies available to investors

97 Lyndale Crescent, Woodstock- $699,000 (Sold January 2023)
300 Briarhill Rd- $1,052,500 (Sold September 2022)
961 Nellis Street- $750,000 (Sold August 2022)

SEMI-DETACHED COMP: 1014B Nesbitt Cres – $545,900 (Sold July 2022)

For full information, videos, and photos check out the link below:

✨Call or email Austin for any questions:

📱 647-955-0843

📧 austin@ontariopropertydeals.ca

1000 Block Warwick St, Woodstock
For Sale
Property Type:

Call 647-955-0843 for more details

Property Location