75K Undervalued Brick Bungalow Primed for Duplex Conversion and Cash Flow in Residential Suburb County Park, Thunder Bay: 244 Perth Cres, Thunder Bay, ON
✅ Wholesale Price: $225K(Or Best Offer)
✅ Estimated As-Is Value: ~$300K+
✅ Estimated After Repair Value: ~$390K+
✨Closing: September 1st, 2022
We present an excellent opportunity to force appreciation and cash flow in a family friendly residential suburb on the North side of Thunder Bay. 244 Perth Cres is a classic and sturdy brick bungalow. It has a separate side entrance leading to a large basement with high ceilings, making it the perfect candidate for duplex conversion (buyer to confirm). Further, this house is being offered at only $13,000 above tax assessed value, whereas comparable houses in the neighborhood have sold for between 90K and 140K above tax assessed value. This really is a great price, and a great opportunity to execute a textbook value add and BRRRR, or Flip. Check out the pics and video attached and contact Peter today at 647 955 0843 to place an offer or learn more about this opportunity
244 Perth Cres is a detached brick bungalow on a quiet street in the family friendly residential suburb of County Park. It is well served with easy access to highways, transit, shopping, parks, schools and more. The main floor features 3 bedrooms, 1 bath, a large living room and an open concept kitchen/dining area spread across 1072sqft. The basement has the option for a completely separate entrance as it is accessed directly from the side of the house. Currently partially finished, there is over 1000sqft down there to work with per MPAC report, and the ceilings are high (8ft). Structurally the property is sound, as it was built to last in 1976. It will require some upgrades on the interior to bring it up to a modern standard including potentially: new floors, new windows, updated bathroom, updated kitchen – buyer’s choice!
✨Comparables:
🏷 277 County Blvd – $360,000 (Sold May 2022)
🏷 317 County Blvd – $266,000 (Sold April 2022)
🏷 466 Wentworth Cres – $225,000 (Sold Feb 2022)
✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/244-perth-cres-thunder-bay-on