✅ Wholesale Price: $475K Each Duplex (950K for Both) OBO
✅ Estimated As-Is Value: ~$530K Each
✅ Estimated After Repair Value: ~$630K+ Each
✨Closing: February 20th, 2022
This is a very rare opportunity to purchase two duplexes side by side (4 units total) in Woodstock! This gorgeous century multi-family home has tons of potential with potential for significant lift in value via tenant turnover & cosmetic renovations. The units are kept in decent condition throughout, allowing investors to make updates on a reasonable budget. Woodstock is an extremely hot real estate market with great long-term upside potential due to its close proximity to Brantford, Hamilton, London and Kitchener. Even a single family semi-detached property has recently sold for 492k nearby the subject property. Moreover, there major employers like the hospital, Toyota manufacturing plant, and other auto manufacturers which means rental demand is plentiful in this city. Don’t miss this opportunity to invest in a strong market with immediate equity upside!
Woodstock has a population of over 40,000 people and is centrally located between many major cities including Brantford, Hamilton, KWC (Kitchener, Waterloo, Cambridge), and London. Moreover, this city is only 128km from Toronto. The city has many major employers and is known as Canada’s Dairy Capital. Toyota has invested over 1.1billion dollars in their assembly plant in Woodstock, serving as a major employer to locals. Moreover, there are other auto manufacturers (GM, Hino Motors etc.) and manufacturing companies in the city. Vacancy is low, and upside potential is high for Woodstock, making it prime to break into the market today for long-term appreciation and cash flow.
✨Comparables:
There are no direct comparable properties to this property as this is a rare property with two duplexes side by side. Below are properties that sold nearby both detached and semi-detached.
561 Princess St- $635,000 (Sold Jan 2022)
557 George St- $730,000 (Sold Jan 2022)
41 Victoria St N- $492,888 (Sold Oct 2021)
544 George St- $539,900 (Sold Aug 2021)
✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/42-wellington-st-n-536-princess-st-woodstock
✨Call or email Austin for any questions:
📱 647-933-5598
📧 austin@ontariopropertydeals.ca