Flippers Delight! Massive Spread in Thunder Bay. 35K < Tax-Assessed Value and Cheapest Property on the Block!: 121 Franklin St N, Thunder Bay, ON
✅ Wholesale Price: $120K Or Best Offer)
✅ Estimated As-Is Value: ~$170K
✅ Estimated After Repair Value: ~$265K
✨Closing: September 9th, 2022
Act now to secure this amazing discounted property in Thunder Bay! This is a great opportunity to revive a vacant property and force appreciation in a market that is poised for growth. 121 Franklin St N is a solid brick home in a nice neighborhood. It is in good mechanical condition and is being offered at least 120-140K below ARV, with upside for more. In fact, our price is lower than any property sold within 250M in the last 6 months and 35K below the tax-assessed value! Recent comparable houses on the same block have sold in the $230-270K range. There is a ton of potential here for an investor with the right tools to force major appreciation with a BRRRR or Flip. 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.
121 Franklin St N is a detached 1.75-storey brick home in a nice southside neighborhood close to all amenities — including several wonderful parks and schools, Friendship Gardens, an amazing network of recreation pathways, shopping and more. This a classically laid out home: kitchen and living (with exposed brick!) on the main floor, and 3 bedrooms upstairs. The basement is partially finished with a quarter bath (currently just a toilet lol) and a bonus bedroom. Mechanically the house is in good shape and minimal work is needed on the exterior with the shingles in particular being a recent update. The interior is where your skills are needed as it will require a full cosmetic renovation to get it to its highest and best use. This gives you an excellent opportunity to drastically improve the value of the home.
Comparable Sales
🏷219 Harold St N (Sold late April 2022) $242,000
🏷219 Balmoral St (Sold Mar 2022) $268,000
🏷112 Franklin St N (Sold June 2022) $229,900 (or more)
✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/121-franklin-st-n-thunder-bay-on