Albert St S, Gorrie
Offer Date: FIRST COME FIRST SERVED
Closing Date: March 12th, 2026** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
-
Fix & Flip: Complete a full interior renovation – floors, trim, kitchen, all washrooms – to bring this property back to life! Reconfigure 2nd storey layout to include an additional bedroom.
Property Overview
Details
- Detached 2 Storey
- Beds: 4
- Baths: 1.5
- Full bathroom upstairs, powder room on main floor
- 1,744 sqft above ground & 795 sqft below grade
- Leak in kitchen due to a leak in the washroom upstairs
- Unfinished Basement approx. 6ft in height – according to seller
- Stone/block foundation, besides mud room foundation which is poured concrete
- 1 car attached garage
- Built in 1910
Mechanical & Systems
- Electrical: Breaker
- All wiring and plumbing were replaced in 2014 by the previous seller.
- Furnace: Propane, Owned, 10 years old – as per seller
- A/C: Rental, to be paid off by seller on closing – 5 years old, as per seller
- HWT: Rental, 20 years old
- Well: Dug well, shared with the neighbour
- Septic: last cleaned by the previous homeowner in 2014
- Appliances included: Fridge, Stove, Washer, Dishwasher in as is condition
Roof & Exterior
- Roof: Replaced in 2016, as per seller
- Windows: 8 were replaced in 2020, the rest are dated
Lot & Location
- 65.44ft x 116.09ft lot
- Property taxes are approximately $2,180
- VR1 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
|
|
| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.
- Wholesale Price: $274,999 or Best Offer
- We believe that after the recommended renovations are completed, this property should be worth at least $425,000 on the MLS!
- Purchase today with a $150K SPREAD TO ARV!
Comparable Analysis |
|
 |
| 1051 Gibson Street sold for $427,000 in December 2025. This 4 bedroom, 2 bathroom century home with a detached 2-car garage is unrenovated, however in good, liveable condition. This comparable is slightly larger in square footage and lot size, with an additional full bathroom in comparison to the subject property with 1.5 bathrooms. This comparable has a 2 car detached garage, whereas the subject property has a 1 car attached garage. Both properties have unfinished basements, are on well water, and are heated with a propane furnace. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property should sell for $425,000 on the MLS! |
|
 |
| 2061 Edward St sold in less than 30 days on the MLS for $420,000 in September 2025! This 2 bedroom, 1.5 bathroom home has been renovated, however the finishes are similar to a cottage. This comparable does not have a garage, whereas the subject property has a 1 car attached garage. This comparable is smaller in square footage, however it has a larger lot in comparison to the subject property. Both properties are on well water, septic and have a propane furnace. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property will sell for $425,000 on the MLS! |
|
|
|
