80K+ Undervalued North Bay Home with Huge Potential for Forced Appreciation/Duplex Conversion. Long Close with Vacant Possession. 223 Hillcrest Ave, North Bay, ON
✅ Wholesale Price: $280K (Or Best Offer)
✅ Estimated As-Is Value: ~$360K
✅ Estimated After Repair Value: ~$450+
✨Closing: October 3rd, 2022
Reach out now to scoop up this highly undervalued off-market deal in a desirable neighborhood in North Bay close to the Hospital and University. 223 Hillcrest Ave is a large detached 3 bed, 3 bath single family home, currently operating as a 3 bed unit and 2 x basement bachelor apartments (not a legal multi-family). The house and lot are both large, and with a long close and vacant possession there is plenty of time to plan and prepare for your renovations to force appreciation and maximize ARV. A similar sized duplex recently sold for 432K fully tenanted, and not fully upgraded. There is plenty of meat on the bone here for your Flip, BRRRR, or Wholetail! 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.
North Bay is a thriving City of just over 50K on the North Shore of Lake Nipissing. It is a commercial hub for thousands of Northern cottage goers, and is a strong employer, with more than 65 companies in the mining sector. This vibrant economy ranks it among Sudbury and Sault Ste Marie as the hot spots in Northern Ontario for real estate investment. The Pinewood area where this house is located is one of the top residential areas in the city, with close proximity to the Nipissing University and North Bay regional health centre (hospital).
✨Comparables:
🏷144 Highland Rd – $341,500 (Sold Nov, 2021)
🏷116 Gould Ave – $325,000 (Sold Dec, 2021)
🏷255 Delaware Ave – $432,432 (Sold March 2022)
🏷714 O’Brien St – $401,000 (Sold March 2022)
✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/223-hillcrest-ave-north-bay-on