3 Bedroom Detached Home Under 200K in Smiths Falls. Multiple Exit Strategies, Flip, BRRRR, Short Term Rental 27 Anne St, Smiths Falls, ON
✅ Wholesale Price: $199K (Or Best Offer)
✅ Estimated As-Is Value: ~$250K+
✅ Estimated After Repair Value: ~$340K+
✨Offer Deadline: Oct. 27, 2022
✨Closing: Nov. 21, 2022
Why This Property?
- Multiple exit strategies: Rent for cashflow, Flip or BRRRR for profits! Recent comparable houses (last 60 days) have sold for over 300K (not fully reno’ed) and close to 400K (fully updated), meaning there is meat on the bone at this low price.
- Quick close, Vacant Possession. Get your project started right away!
- Smiths Falls is less than 1H from Ottawa and has a population of close to 10K which is increasing year over year due to economic growth spurred on by the recent opening of a manufacturing plant for Canopy Growth. It has in fact been called the ‘Pot Capital of Canada’.
🏷1 Anne St – $305,000 (Sold October, 2022)
🏷10 Jubilee St – $390,500 (Sold September, 2022)
✨For full financial information, videos, and photos check out the link below: