Undermarket Vacant Side-by-Side Duplex in Desirable Thunder Bay Neighborhood, Ready for BRRRR or Flip! 429 Van Norman St, Thunder Bay, ON For Sale

Undermarket Vacant Side-by-Side Duplex in Desirable Thunder Bay Neighborhood, Ready for BRRRR or Flip! 429 Van Norman St, Thunder Bay, ON

Wholesale Price: $320 (Or Best Offer)
Estimated As-Is Value: ~$400K
Estimated After Repair Value: ~$600K+

Closing: June 1st, 2022

Reach out now to secure this vacant house with high investment potential! 429 Van Norman is a large 3.5 Bed + 2.5 bath home legal duplex in an affluent pocket of Thunder Bay where average household income is 20% higher than the city average. It has been converted to a single family home (not legally) by the current owners, and used to be a 4 bed. This is a great opportunity to force huge appreciation through a well executed renovation and either return to proper duplex (side by side, 2 beds each unit) or large SFH for a higher end home buyer. Flip-it or add a cash-flowing BRRRR to your portfolio. Check out the Photos, Video and Home Inspection below and contact Peter today at 647 955 0843 to place an offer or learn more about this opportunity.

Thunder Bay is the largest city in Northwestern Ontario (population over 100K) and has sustainable employment across multiple sectors, making it a great rental market for investors. It features 2 large post secondary institutions, and scores particularly high for its employment level, housing prices, access to health care, ease of walking, biking or taking transit, and its strong arts and sports communities. It is a desirable cashflowing city for landlords.

Comparables:
🏷443 Van Norman – Unit 4 (Sold May 2021)  $319,000
🏷
96 High St (Sold Dec 2021)  $380,000
🏷
440 Van Norman St (Sold Apr 2021) $330,440
🏷 101 Prospect Ave (Sold May 2021) $372,400

For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/429-van-norman-st-thunder-bay-on

Address:
Thunder Bay
Terms:
For Sale
Property Type:
Duplex

Call 647-955-0843 for more details