65K+ Undervalued Sturgeon Falls Home with Huge Potential for Flip, BRRRR or Short-term Rental! 189 Cache Bay Rd, Sturgeon Falls, ON
✅ Wholesale Price: $235K (Or Best Offer)
✅ Estimated As-Is Value: ~$300K
✅ Estimated After Repair Value: ~$380K
✨Closing: October 6, 2022
Reach out now to scoop up this highly undervalued off-market deal in the underserved and highly competitive market of Sturgeon Falls. Sturgeon Falls serves as the administrative centre for West Nipissing (pop. 14,000) and is about 30mins from North Bay. 189 Cache Bay Rd is a 3+2 bed, 1+1 bath home in a quiet residential neighborhood about 5mins from downtown and the West Nipissing Hospital. Homes here are still typically selling well above asking price and as compared to recent comps this house is being offered at least 65K below market value. With a skillful reno its value can potentially be pushed to 380K or beyond, making for a profitable Flip, BRRRR, or Short-term Rental. Check out the photos and video below and contact Peter today at 647 955 0843 to place an offer or learn more about this opportunity.
The main floor 189 Cache Bay Rd offers a spacious 3 bedrooms and 1 full bath plus living and kitchen/dining room spread across 1225sqft. The fully finished basement (with separate entrance) has another 2 large bedrooms (or rec rooms), plus a full bath, and a laundry area with kitchenette already plumbed in. There is potential for a fully separated in-law or income suite here. Overall the interior of the house is in excellent condition and requires only a minimal cosmetic lift. The exterior of the house is where renovations will come into play. Suggested upgrades to the roof, siding, windows, and covered porch should be able to force massive appreciation and distinguish this home from its neighbours on the open market.
Comparable Sales
🏷278 Levesque St – $369,000 (Sold July 2022)
🏷87 Nippissing St – $340,000 (Sold June 2022)
🏷157 John St – $440,000 (Sold June 2022)
🏷175 Lisgar St – $415,000 (Sold May 2022)
✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/189-cache-bay-rd-sturgeon-falls-on