Vacant Legal Duplex both Above Grade & Cheaper than Single Family Homes in Kitchener Assigned

  • $775,000
Assigned

Wholesale Price: $775K OBO
Estimated As-Is Value: ~$840K
Estimated After Repair Value: ~$930K+

✨Closing: February 15th, 2022
Potential to re-negotiate for slightly longer closing. 

Ready for your next flip, Airbnb, or BRRRR project in the extremely hot Kitchener market? 30 Sixth Ave is located in a great neighbourhood and is walking distance to tons of local and franchise restaurants, grocery stores and shopping stores. Best of all, this legal duplex comes vacant upon possession and both units are above grade, with the main unit also having access to a finished basement. This property is cheaper than the most recent single family home that sold right across the street from this house. With cosmetic renovations, there is potential for a phenomenal BRRRR on this property and best of all it has multiple exit strategies. Don’t miss out on this amazing investment opportunity!

Take advantage of this amazing undervalued multi-family property in one of the hottest real estate markets in Canada, only minutes to grocery stores, retail stores, and local restaurants and services. Properties that sell in this area are high in demand and attract great tenants and are highly desirable to home buyers. There are rarely ever vacant duplexes that sell in this pocket and single family houses sell for high 700s in this neighbourhood. Moreover, due to its close proximity to many amenities, this property would make a great Airbnb to potentially boost up cash-flow numbers.

✨Comparables:
62 Harold Ave – $895,000 (Sold Oct 2021)
200 Sheldon Ave N – $895,000 (Sold Nov 2021)
382 Southill Dr $866,000 (Sold Oct 2021)
365 Vanier Dr– $853,000 (Sold Nov 2021)
35 Second Ave – $975,000 (Sold Aug 2021)
33 Second Ave – $950,000 (Sold Aug 2021)
72 Sixth Ave– $780,000 (Sold Dec 2021)
133 Sixth Ave– $826,000 (Sold Nov 2021)


✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/30-sixth-ave-kitchener

 

✨Call or email Austin for any questions:

📱 647-933-5598

📧 austin@ontariopropertydeals.ca

Price:
$775,000
Address:
Kitchener
Terms:
Assignment of Contract
Property Type:
Duplex

Call 647-955-0843 for more details