This is a rare opportunity to purchase a highly profitable single family home flip in the Haldimand County, a beautiful municaplity that is a 50 minute drive from Hamilton and 1 hour 30 min drive from Toronto. Fisherville is a small city that is directly adjacent to major cities such as Hamilton, Brantford, Niagara and Norfolk County. This single family home is selling significantly lower than comparable properties which regularly trade for over 500k+ over the past 2 years, thus giving flippers and BRRRR investors with incredible spread while being in close proximity to several major ci0ties.
The property is located in the main street of Fisherville beside many beautiful historical buildings. It is in close proximity to many local amenities including being walking distance to Rainham Central School, nearby local restaurants and retail shops, Financial institutions such as RBC, a local community center, and wellness clinic, and Canada Post.
Property Details
- Detached Single family home
- Year built 1901 (per MPAC)
- Lot Size: 66ftx135ft
- Total sqft: 1,805sqft
- 1056 sqft main floor
- 749 sqft second floor
- Potential to add over 250sqft by finishing the large attic space
- Basement crawl space
- Originally 3 bed + 2 bath
- Shed built 1980 (per MPAC) 296 sqft
- Electrical updated copper throughout
- Renovations in progress – drywall has began
- Large 3rd floor attic which is unfinished – could be used as loft
- Cistern water system
- Septic Tank (Entire town runs on septic tank) – no known issues with Septic Tank, assumed to be in good working order per seller
- Plumbing is copper
- Furnace is 6 years old (per seller) – pipeless hot air
- Hot water tank is 6 years old (per seller)
- No evident foundation issues from outside inspection and per seller foundation has not had any issues
- Seller has began renovations- all new drywall
- Property comes with replacement windows and existing materials purchased from seller (e.g. Drywall and other materials)
Comparable Sales
27 Erie St S – $525,000 (Sold Oct 2021)
31 Main Street E – $520,000 (Sold Oct 2021)
5 Kent Street E- $460,000 (Sold Aug 2021)
15 Erie St S – $500,000 (Sold Aug 2020)