CHEAP TURNKEY DETACHED 1.5 STOREY IN KITCHENER Available

  • $449,999
  • 2 beds
  • 1 baths
  • 901 sqft

CHEAP TURNKEY DETACHED 1.5 STOREY IN KITCHENER

WHOLETAIL OR LIGHT FIX & FLIP OPPORTUNITY

St Clair Ave, Kitchener

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St Clair Ave, Kitchener
Closing Date: September 15, 2026**The Seller has the option to shorten closing to August 3 2026 if notice is given to the buyer by July 16 2026. The seller may also extend closing to October 1 2026 if notice is provided by August 20 2026.**

** Realtors bring us a client and add your commission on top of the purchase price**

Strategies For Success

  •  WHOLETAIL/ LIGHT FIX & FLIP : Upgrade the existing carpeting, apply fresh paint throughout, and relist the property with minimal capital investment.

Details

  • Detached 1.5 Storey
  • 2 Bedrooms
  • 1 Bathroom
  • 901 sqft above ground & 586 sqft below grade
  • Finished basement, no separate entrance
    • Ceiling height about 6ft throughout, 5 ft 11′ under bulkhead
  • Slight smokers smell throughout
  • Built in 1947
  • No garage

Mechanical & Systems

  • Electrical: Breaker, copper wiring throughout
  • Furnace: Owned, replaced in 2012
  • A/C: About 15 years old, owned.
  • HWT: Replaced in 2021, rental.
  • Appliances included: Fridge, Stove, Washer, Dryer in as is condition

Roof & Exterior

  • Roof: Replaced within the last 10 years, as per seller
  • Windows: Most have been replaced in 2020, basement windows are dated
  • Foundation: No cracks or leaks in the foundation

Lot & Location

  • 42 ft  x 113.14 ft
  • Property taxes are approximately $2,958
  • RES-3 Zoning

Important Notes

  • Seller has the option to leave junk behind—budget recommended for junk removal
 
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The Numbers

We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.

  • Wholesale Price: $449,999 or Best Offer
  • We believe this property will be worth at least $590,000 on the MLS once the recommended renovations are completed.

Comparable Analysis

14 Lorne Crescent sold for $620,000 in May 2026 after just 2 days on the market demonstrating strong demand for updated detached homes in this area. This 1.5-storey property features a similar 2-bedroom, 1-bathroom layout and finished basement, while offering a 1,177 sqft footprint, a detached garage, and a slightly larger 45 x 120 ft lot. The home has been updated with a refreshed kitchen, modern bathroom, newer windows, and recent shingles, whereas the subject property requires some minor cosmetic improvements to reach a similar standard. That said, the subject benefits from several major capital updates including newer windows, roof, furnace, and hot water tank, providing a strong foundation for a renovation project. After making the appropriate adjustments, we believe the subject property will be worth at least $590,000 on the MLS once the recommended renovations are complete.
24 Belmont Avenue East sold for $600,000 12 days ago after just 3 days on the market, further highlighting strong buyer demand for updated detached homes in this neighbourhood. This 1.5-storey property offers a 3-bedroom, 1-bathroom layout, a garage, 1,171 sqft of living space, and a 50 x 120 ft lot with a partially finished basement. The home has undergone significant upgrades to the main floor, although additional updates upstairs would be required to achieve full ARV potential. Compared to the comp, the subject features a finished basement and several key capital improvements already completed, while requiring minor cosmetic updates to maximize value. After making the appropriate adjustmentswe believe the subject property will be worth at least $590,000 on the MLS once the recommended renovations are complete.
Price:
$449,999
Address:
St Clair Ave
Kitchener, Ontario
Square Feet:
901
Lot Size:
42 x 113 ft
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1947
Basement:
Finished

Call 647-930-0291 for more details

Property Location