Who’s looking for a profitable property?
Buy this London condo townhouse located near a Walmart and Fanshawe College for only $239K with a $400K ARV, giving you a strong $160K spread to work with. The home needs a full interior renovation, but windows and doors are covered by the condo, so your renovation is focused on the inside of the unit. With renovated comparable sale at over $400K and a very low entry price, this property presents an excellent opportunity to BRRRR, flip or force equity on a primary!
How can you profit?
1) Buy & Hold / BRRRR – Situated minutes from a Walmart and Fanshawe College in a high-demand rental pocket, this is a BRRRR buyer’s dream entry point. Buy this low maintenance condo townhouse for only $239K, renovate, rent for $2,400 – $2,600 per month and refinance at an ARV of up to $400K to pocket your equity!
2) Full Renovation Flip – This property needs a full interior refresh, but the footprint keeps the project manageable. Buy at $239K, renovate and sell for upwards of $400K. With a $160K spread, the margin is there for the right flipper!
3) Realtors: Bring Your Contractor Clients – This is a strong fit for clients who are not afraid of work and want a low-entry London property with upside. Your buyers can create their dream home while boosting their equity starting on move-in day – 2.5% Co-Op included at $246K!
SUMMARY:
– LOCATION: London, ON (NE of Adelaide St N & Huron St)
– PURCHASE PRICE: $246,000 (Includes 2.5% Co-Op for Realtors)
– DISCOUNTED DIRECT BUYER PRICE: $239,000 Or Best Offer
– AFTER REPAIR VALUE: $400,000
– CLOSING: July 2, 2026 (Possible flexibility for sooner. This is an assignment sale.)
– TYPE: 2-storey condo townhouse
– BEDS/BATHS: 3 beds / 1.5 bath
– PARKING: 1 parking spot, plus visitor parking
– BASEMENT: Finished, full-height (rec room, laundry and utility room)
– SQFT: 1,102
– LOT: N/A, condo townhouse
– AGE: 1982
– CONDO FEES: $429/month
– PROPERTY TAX: $1,911 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Drywall, flooring, paint, fixtures & finishes throughout.
– Furnace, AC and electrical panel updates.
– Animal odour remediation needed (dog urine).
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Minutes from a Walmart and Fanshawe College in a high-demand rental pocket
– Windows and doors covered by the condo.
– Low maintenance property for tenants or owner-occupants.
– Exclusive patio space provides outdoor amenity.
LISTING ID: 0526-LON-C01
Please let us know if you want to view it or if you want the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Tobias King, Georgia Godfrey, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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