Off-Market Discount in London’s Prime Old South Neighborhood with Multiple Exit Strategies! 100 Lincoln Pl, London
✅ Wholesale Price: $465K (Or Best Offer)
✅ Estimated As-Is Value: ~$515K+
✅ Estimated After Repair Value: ~$630K+
✨Closing: July 27, 2022
This is your chance to purchase a property off market with no bidding wars at a significant discount in the highly desirable Old South area of London. 100 Lincoln Place is a detached bungalow, 3+1 beds, 1+1 bath with an enclosed solarium and large fenced in backyard. Houses in this historic part of London are highly sought after, regularly selling north of 600K, even in current market conditions. This means we are over 150K below ARV! Requiring only cosmetic renovation and with the potential to create an additional bedroom in the basement or duplex conversion (R2 zoning allows duplex but always confirm with the city) this property offers multiple exit strategies including wholetail, flip, student rental and short-term rental and BRRRR. Vacant possession and a quick close means you can get started right away! Check out the pics and video below and contact Peter now 647-955-0843 to place your bids on this opportunity.
100 Lincoln Pl features 3 large bedrooms, plus a living room and kitchen and full bath on the main floor. The basement has a large bedroom or rec area, 3pc bath, laundry, and plenty of unfinished space with potential. The large backyard is a selling feature, with an enclosed solarium (requires updating), cement courtyard, and lots of green space. The home is in great shape, with a recent (2020) new roof and furnace (4yrs) keeping the long term maintenance budget low. The required renovations aren’t extensive, really only cosmetic stuff (mismatched flooring, kitchen/bath upgrades etc.). The partially finished basement provides room for forced appreciation with potential for a second bedroom or additional rec space. It may even be possible to create a second unit (duplex conversion) by closing off the back entrance leading to the basement steps.
✨Comparables:
🏷97 Lincoln Place – $700,000 (Sold Apr 2022)
🏷57 Alexandra Street – $653,000 (Sold May 2022)
🏷254 Wellington Road – $620,000 (Sold June 2022)
✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/100-lincoln-pl-london