Blackwell Drive, Kitchener
Offer Date: FIRST COME FIRST SERVED
Closing Date: August 4th, 2026
*The Seller has option to extend closing to September 1st if notice provided by July 17th*
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Fix & Flip: Execute a targeted cosmetic renovation focused on modernizing the kitchen and bathrooms, upgrading flooring throughout, and finishing with modern fixtures and fresh paint to create a move-in-ready home.
Property Details
- Detached 4 Level backsplit
- Beds:3+1
- Baths: 2 Full
- Finished basement (Both lower levels)
- Basement ceiling height is approximately 7-8 ft
- Side entrance to kitchen that leads to the basement stairs
- Single Car Garage (Attached)
- 1,221 sqft above grade + 1,282 Below Grade
- Built in 1986
Mechanical & Systems
- Electrical: New electrical breaker panel
- Furnace: Rented, Installed in 2017, to be paid off by seller on closing
- A/C: Rented, Installed in 2017, to be paid off by seller on closing
- HWT: New, rented, to be assumed by buyer on closing
- Appliances included: Fridge, Stove, Washer, Dryer in as is condition
Roof & Exterior
- Roof: Approximately 5 years old, as per seller
- Windows: Original, dated but Vinyl
Lot & Location
- 45 ft of frontage
- Property taxes are approximately $4,341
- R2A Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
- Some leaks in the bathroom coming in from the window, upstairs has water from the shower. Both bathrooms need to be remediated
- Pet Smell in the house
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip or Duplex opportunity.
- Wholesale Price: $529,999 or Best Offer
- We believe that after the recommended renovations are completed, this property should be worth at least $750,000 on the MLS!
- Purchase today for a $220K SPREAD TO ARV!
Comparable Analysis |
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| 56 Ramblewood Way sold for $787,500 19 days ago after just 11 days on the market. This property is comparable to the subject with a similar 3-bedroom, 2-bathroom configuration, attached garage, and finished basement with walk-up style access. The comp benefits from a larger 1,420 sqft footprint and has seen some recent upgrades while being well maintained overall, whereas the subject property requires more extensive cosmetic improvements, including full bathroom renovations, leak remediation, junk removal, and addressing pet odour throughout the home. That said, the subject offers a functional 3+1 bedroom layout, over 1,200 sqft below grade, and strong basement usability through the side entrance configuration. After making the appropriate adjustments, we believe the subject property should sell for $750,000 on the MLS upon completion of the recommended renovations. |
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| 43 Summerhill Crescent sold for $735,000 in January 2026 after only 1 day on the market, demonstrating extremely strong demand for detached homes in this segment. This property is comparable to the subject with a similar 3-bedroom layout, 2-bathroom configuration, attached garage, and finished basement; however, it features a smaller 1,061 sqft above-grade footprint on a slightly smaller 44 x 100 ft lot. The comp has seen some recent improvements and has been well maintained overall, whereas the subject property requires more substantial updates. After making the appropriate adjustments and accounting for the renovation required, we believe the subject property would reasonably achieve a resale value of approximately $750,000 on the MLS upon completion of the recommended renovations. |
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