Silver Aspen Crescent, Kitchener
Closing Date: October 30, 2026*** The seller has the option to extend closing by 15 days or more if probate process has not been completed by October 30th with no penalties***** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- FIX & FLIP: Complete a full cosmetic renovation by modernizing the kitchen and bathrooms, updating the flooring, adding modern fixtures and finishes, and completing light landscaping and fresh paint throughout to give the property a clean, modern feel.
- Duplex Conversion: The basement also offers potential to be converted into a separate duplex unit, providing an opportunity to maximize rental income and overall profit in a strong rental market.
Details
- Detached Brick Bungalow
- 3 Bedrooms
- 1.5 Bathrooms
- 1 full upstairs, powder room in basement
- 1,079 sqft above ground & 1,079 sqft below grade
- Separate entrance from side of the house
- Basement ceiling height approximately 7ft throughout
- Unfinished basement
- Built in 1972
- 1 Car Carport
Mechanical & Systems
- Electrical: Fuse panel with copper and aluminum
- Furnace: Owned, approximately 5 years old as per seller
- A/C: Owned, 20-25 years old as per seller
- HWT: Rental
- Appliances included: Fridge, Stove in as is condition
Roof & Exterior
- Roof: Reshingled 6 years ago as per seller.
- Windows: Date unknown, some vinyl and some wood
Lot & Location
- 45.29ft x 119.12ft
- Property taxes are approximately $3,880
- R3 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
- Seller has option to extend closing if probate is not completed in time for closing date with no penalties to extend.
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.
- Wholesale Price: $439,999 or Best Offer
- We believe this property will sell for at least $700,000 on the MLS once the recommended renovations are completed or $725,000 if a duplex unit was added in.
Comparable Analysis |
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| 193 Westheights Dr– Sold for $750,000 in August 2026. This property features 3+2 bedrooms and 3 bathrooms, with a lot size similar to the subject property. The main floor has been updated and the property also benefits from a double garage. However, the duplex unit remains largely unrenovated. Therefore, after the recommended renovations and improvements are completed, we believe the subject property would be expected to sell for approximately $725,000 on the MLS if a duplex unit was added. |
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| 106 Hickory Heights– Sold for $668,000 in March 2026. This 3+1 bedroom, 2-bathroom home features a carport and fully finished basement, with modest renovations completed throughout. The property is slightly smaller in both lot size and square footage and does not have a separate entrance or the same duplex potential as the subject property. Therefore, after adjusting for the differences in size, features, and the addition of a duplex unit, we believe the subject property would be expected to sell for approximately $700,000 on the MLS. |
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| 22 Brookside Crescent- Sold for $727,000 in June 2026 after just 15 days on the market, providing a strong benchmark for detached bungalows in the area. This property features a 3+1 bedroom layout, 2 bathrooms, a 1-car carport, and a finished basement. The home has been renovated but does not have a separate entrance, and it sits on a slightly smaller lot than the subject property. Additionally, while the comparable is fully brick, the subject property features siding on the non-front-facing exterior walls. Therefore, after accounting for the differences in lot size, exterior finish, and completing the recommended renovations, we believe the subject property would be expected to sell for approximately $700,000 on the MLS. |
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