Beautiful Home in Desirable Northside Thunder Bay, 70K+ Instant Equity and Little Work Required: 50 Jean St, Thunder Bay, ON
✅ Wholesale Price: $310K (Or Best Offer)
✅ Estimated As-Is Value: ~$380K
✅ Estimated After Repair Value: ~$430K
✨Closing: June 10th, 2022
Don’t sleep on this rare chance to acquire an exquisite classical home in excellent condition in one of Thunder Bay’s top neighborhoods. 50 Jean is a large 3 Bed + 1 bath home on a corner lot in an affluent pocket of Thunder Bay where average household income is 20% higher than the city average. This property is in excellent condition, with little beyond cosmetic renovation required to bring it to its highest and best use. The market for flips has been well established in this neighborhood. Fully renovated smaller homes have sold for $390K, and the neighboring house at 48 Jean St (only marginally larger) sold for $450K in October! Easy quick flip or ideal family home! 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.
Thunder Bay is the largest city in Northwestern Ontario (population over 100K) and has sustainable employment across multiple sectors, making it a great rental market for investors. It features 2 large post secondary institutions, and scores particularly high for its employment level, housing prices, access to health care, ease of walking, biking or taking transit, and its strong arts and sports communities. It is a desirable cashflowing city for landlords.
🏷448 Jean St – $449,900 (Sold Oct 2021)
🏷523 Dawson St – $391,523 (Sold April 2022)
🏷74 High St N – $350,000 (Sold April 2022)
🏷556 Dawson St – $326,000 (Sold Feb 2022)
✨For full information, videos, and photos check out the link below: