Off-Market and Undervalued Brick Bungalow in Ottawa Suburb and Riverside Town of Prescott, ON. Flip, Short-term Rental, BRRRR! 800 Josephine St, Prescott
✅ Wholesale Price: $290K (Or Best Offer)
✅ Estimated As-Is Value: ~$340K
✅ Estimated After Repair Value: ~$440+
✨Closing: July 2022**seller flexible on closing date
This is your chance to purchase a property off-market at a massive discount in the idyllic town of Prescott, which is about an hour from Ottawa and 2 hours west of Montreal on the St. Lawrence River. 800 Josephine is a 3+1 bedroom, 1+1 bathroom solid brick raised bungalow with great bones. The interior of this now vacant house suffered from some unfortunate recent tenants, but really only needs a full cosmetic makeover to revitalize its value and bring it in line with other homes in Prescott that have sold for over 500k recently. This has great potential as a Flip, Short-term rental (cottage alternative), and with a separate entrance also has potential for a duplex conversion and BRRRR. Multiple exit strategies! Check out the pics and videos below and contact Peter now 647-955-0843 to place an offer or book a walkthrough.
800 Josephine is located on a quiet side street, where there is virtually no traffic other than the residents. There are three bedrooms on the main floor, The basement has a rec room and another bonus bedroom room. A large back deck overlooks a big backyard that is both hedged and fenced in. The kitchen features a separate entrance, meaning there is potential to convert to a duplex (buyer to confirm). Structurally this raised brick bungalow is sound, with recent roof upgrades helping to keep long term expenses low. The interior is distressed currently but can be revitalized with simple cosmetic renovations.
🏷763 Josephine St – $342,000 (Sold June 2022)
🏷127 Park St W – $350,000 (Sold May 30, 2022)
🏷419 St. Lawrence St – $606,500 (Sold May 2022)
🏷640 St. Lawrence St – $579,139 (Sold April 2022)
✨For full information, videos, and photos check out the link below: