Located in the sought-after West Bayfield neighborhood, this property offers an excellent opportunity for investors aiming to flip or renovate for profit. Nestled close to essential amenities such as Georgian Mall, Zehrs, and Loblaws, and within walking distance of schools like West Bayfield Elementary and St. Marguerite d’Youville, this 3-bedroom, 1-bathroom home provides an ideal balance of convenience and potential.
With an established community, easy access to transit, and nearby parks like Victoria Woods Park, it’s perfect for creating a family-friendly living space. Recent market trends in Barrie indicate a steady growth in home values, enhancing its potential as a lucrative flip. Take advantage of this prime location and strong ROI potential!
How can you profit?
1) Fix & Flip. Buy for $479k, do some cosmetic updates, and sell in the mid $600s+. Almost $200k spread! List just in time for spring market.
2) Realtors, add your desired comp on top of our list price and show this to your clients! Great price point for your first time home buyers looking to enter the market. They can scrub it down for now and beautify it slowly over time.
SUMMARY:
– LOCATION: Barrie, ON (Hanmer St W & Bayfield St)
– PURCHASE PRICE: $479,900 Or Best Offer
– AFTER REPAIR VALUE: Mid $600s, conservatively. Most recent comps in that range were unrenovated.
– CLOSING: December 30, 2024 – January 30, 2025 (Seller’s choice. This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 3 Beds/1 Bath
– PARKING: 1 Car Garage Plus 2 Driveway Spaces
– BASEMENT: Finished. No separate entrance.
– SQFT: 1,014
– LOT: 40’ x 112’
– AGE: 1991. On the young side!
– PROPERTY TAX: $3,435 (2023)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Cosmetic updates to kitchen, bath, flooring, paint, etc.
– Some windows and chimney may or may not need attention.
– Roof and furnace were updated in last 5-10 years.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– BONUS! Nice sunroom on the back of the house.
LISTING ID: 1224-BAR-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
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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