Airey Ave, St Thomas
Offer Date: FIRST COME FIRST SERVED
Closing Date: May 28th, 2026*The Buyer agrees to pay the Seller’s legal fees up to $2000*
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Light Fix & Flip: Complete a light interior renovation up to the standards of the recent comparable sales in the area to keep costs low and maximize profit potential. Top of the line finishes are not required to reach your max ARV! Some flooring, door repair, trim, drywall repair and paint is all that should be required. Salvage the original kitchen to save on a costly expense!
Details
- Detached Backsplit – 3 levels
- Beds: 3+1
- Baths: 2
- 1 full upstairs, 1 full downstairs
- Separate entrance to basement!
- Basement ceiling approx. 7ft-8ft throughout
- Crawl space used for utility room and storage
- No garage
- 1,030 sqft above grade & 1,030 sqft below grade
- Built in 1969
Mechanical & Systems
- Electrical: Breaker panel with copper wiring
- Furnace: Owned, dated, 20 years old
- A/C: Owned, dated, 20 years old
- HWT: Tankless HWT, 2 years old, rental to be assumed by buyer
- Appliances included: Fridge, stove and mircowave
Roof & Exterior
- Roof: 15 years old, as per seller
- Windows: 15 years old, as per seller
Lot & Location
- 50 ft x 120 ft
- Property taxes are approximately $3,168
- R1 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
- Slight pet smell throughout the property
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| The Numbers
We are selling our assignable purchase contract for this excellent Rental opportunity.
- Wholesale Price: $379,999 or Best Offer
- We believe that after a light cosmetic renovation is completed, this property should be worth at least $530,000 on the MLS!
- Purchase today with a $150,000 spread to ARV!
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| 6 Dunwich Drive sold for $540,000 on the MLS only 12 days ago! This detached backsplit (4 levels) has 3 bedrooms, 2 full bathrooms and has been renovated throughout. Both the subject and comparable are similar in size, and sit on similar sized lots. This comparable converted their garage into a workshop. This property showcases how top of the line finishes are not required to hit your ARV potential! After making the appropriate adjustments and completing the recommended renovations, we believe the subject property will sell for $530,000 on the MLS! |
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| 73 Aldborough Ave sold for $540,000 in January 2026! This partially renovated side split has 3+1 bedrooms, and 2 full bathrooms. Both the subject and comparable do not have a garage. This comparable is slightly smaller than the subject property, and sits on a similarly sized lot. The basement is partially finished, and does not appear to have a separate entrance. Additionally, this comparable has carpet throughout the bedrooms, and appears to have left the original bathrooms. This comparable showcases how top of the line finishes are not required to hit your full ARV potential! After making the appropriate adjustments and completing the recommended renovations, we believe the subject property should sell for $530,000 on the MLS! |
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