Who’s looking for a profitable property?
Investors, this North Bay bungalow comes with a massive spread and very little work needed! In this neighbourhood, similar condition comps are reaching the high $400Ks, while fully renovated properties are easily breaking $500K.
At only $275K, this one is priced with roughly $200K of built-in equity right out of the gate. In this neighbourhood, even semis are selling over $400K!
Located only a couple of minutes from both Nipissing University and Canadore College, as well as the local hospital, this property is easy to sell. Almost all comps in this neighbourhood are selling FAST.
Start the new year with a quick and easy project that will set you up for a successful 2027!
How can you profit?
1) Easy Wholetail – With a proper renovation, ARV is as high as $525K. But for a fast wholetail, similar condition comps are selling in the high $400Ks! That gives you a $200K spread for a quick turnaround and easy profit!
2) Move In With Equity – Buyers looking for a great deal on a home, this is it! This 3 bed, 1.5 bath bungalow comes with roughly $200K of instant equity in exchange for a little junk removal! On market, you’d be lucky to get this property for $450K.
3) Realtors: Bring Your Clients – This one is easy to explain: low price, large spread, and minimal work required. Great for both investor clients and budget-conscious end users. 3% co-op included!
SUMMARY:
– LOCATION: North Bay, ON (Algonquin Ave & McKeown Ave)
– PURCHASE PRICE: $274,900 Or Best Offer (incldues 3% co-op for Realtors)
– AFTER REPAIR VALUE: $525,000
– CLOSING: January 14, 2027
– TYPE: Detached Bungalow
– BEDS/BATHS: 3 beds / 1.5 baths
– PARKING: 1 car port spot + 1 driveway spot
– BASEMENT: Partially finished
– SQFT: 1,048
– LOT: 53′ x 109′
– AGE: 1975
– PROPERTY TAX: $3,627 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Minimal cosmetic renovations needed.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
LISTING ID: 1126-NOR-F01
GOOD NEWS:
– Almost $200K of built-in equity
– High demand neighbourhood where homes sell FAST
– New roof in 2021
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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.