Cheapest House in Amazing North Bay Neighbourhood for Over 2 Years. Fix and Flip or BRRRR Less than 200k: 1100 Block Jane St, North Bay
✅ Wholesale Price: $150k (Or Best Offer)
✅ Estimated As-Is Value: ~$230K+
✅ Estimated After Repair Value: ~$360K+
✨Closing: September 20th, 2023
Why This Property?
- This property is the cheapest sold or available inventory within 0.5km immediate radius, with 63 transactions occurring over the past 2 years. No house within the raidus has sold for less than 200k
- Average sale price over 63 transactions in this area is $413,138 – median sale price is $404,950. 87% of all sales over the past 2 years in this area is over $300,000, 50% of all sales is over 400k
- Minimal turnkey inventory in this neighbourhood for sale- making a renovated property very attractive regardless of market condition
- Located in the highly desirable neighbourhood of Pinewood in North Bay- this is one of the most desirable neighbourhoods. This is a highly desirable area for homeowners and renters alike. It is nearby the waterfront, parks, schools and large retail and shopping plazas
- This property is will be vacant upon possession allowing investors to immediately begin renovations
- Multiple exit strategies- from fix and flip or BRRRR, Airbnb and student rental to ensure cash flow. This protects your investment and allow you to either exit a profitable flip or hold a profitable buy and hold
✨Comparables:
1295 Copeland St- $385,000 (Sold Jul 2023)
925 Jane St- $385,000 (Sold Jul 2023)
1237 Copeland St- $399,000 (Sold Mar 2023)
972 MAIN Street W- $315,000 (Sold Sep 2022)
550 Nipissing St- $420,000 (Sold Aug 2022)
✨For full financial information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/1100-block-jane-st-north-bay-12707725