This charming detached bungalow in Niagara Falls offers a prime investment opportunity. Located minutes from the iconic Falls, this 841 sq ft home features 1 bedroom (formerly 2, with potential to convert back), 1 bath, and sits on a generous 40’ x 130’ lot. The property boasts a detached garage, spacious driveway, and newer furnace and A/C. Cosmetic updates and minor repairs can unlock its full potential. Ideal for first-time buyers or savvy investors ready to capitalize on Niagara’s market.
SUMMARY:
– LOCATION: Niagara Falls, ON (Drummond Rd & Ferry St)
– PURCHASE PRICE: $345,900 Or Best Offer (Includes 2.5% Co-op for Realtors)
– DISCOUNTED DIRECT BUYER PRICE: $335K
– AFTER REPAIR VALUE: Mid $400s
– CLOSING: April 29, 2025 (Some flexibility is possible. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 1 bed/1 Bath (used to be 2 beds, but one was removed to enlarge bathroom)
– PARKING: 1 Car Detached Garage plus 4 Driveway Spaces (Tandem)
– BASEMENT: Unfinished but very clean. Ceiling height around 6’.
– SQFT: 841
– LOT: 40’ x 130’
– AGE: 1923
– PROPERTY TAX: $2,235 (2024)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– House is clean and well kept, but it’s time for cosmetic updates throughout (kitchen, bathroom, flooring, paint, etc.)
– Needs new windows and some parging.
– Roof is not causing any issues, but new shingles have been purchased and will be left for new buyer.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Great opportunity for a first time home buyer looking to enter the market.
– Just minutes from the falls!
– Furnace and A/C are newer.
LISTING ID: 0325-NIA-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Randall Reashore
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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