Delaware Avenue, Guelph
Closing Date: August 31st, 2026*Seller has the option to shorten closing to July 31st if notice is given to the buyer by July 13th*
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- FIX & FLIP : Upgrade the popcorn and tile ceilings, refresh the property with fresh paint, modern fixtures and finishes, and replace flooring where needed. This property offers an excellent opportunity for a straightforward, value-add renovation.
- WHOLETAIL: With its well-maintained condition and desirable location, just clean, stage and list it on the MLS.
Details
- 3 Level Backsplit -Brick & Siding
- 3 Bedrooms
- 2 Bathroom
- 1,186 sqft above ground & 576 sqft below grade
- Finished basement, no separate entrance
- Ceiling height approximately 8-10 ft throughout
- Built in 1969
- No garage
Mechanical & Systems
- Electrical: Breaker Panel
- Furnace: Owned, age unknown
- A/C: Owned, less than 10 years old
- HWT: Owned, 3 years old
- Appliances included: Fridge, Stove, Washer, Dryer in as is condition
Roof & Exterior
- Roof: Replaced 6-7 years ago
- Windows: Unsure of age
- Foundation: No leaks in the foundation
Lot & Location
- 60.38 ft x 106 ft
- Property taxes are approximately 4,515
- RL1 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: $559,999 or Best Offer
- We believe this property is worth at least $675,000 on the MLS in As Is condition
- We believe this property will be worth at least $775,000 on the MLS once the recommended renovations are completed.
Comparable Analysis |
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| 15 Inverness Drive sold for $720,000 in February of 2026 after just 8 days on the market. This property features a comparable 1,100–1,500 sqft footprint, 4 bedrooms, 2 bathrooms, a full finished basement, and a 53 x 115 ft lot. While the comp benefits from an additional bedroom, it is in slightly more dated condition than the subject and only offers a carport, whereas the subject sits on a wider 60.38 x 106 ft lot with several major capital improvements already completed, including the roof, A/C, and hot water tank. After making the appropriate adjustments for layout, condition, and lot characteristics, we believe the subject property is worth $675,000 on the MLS in as-is condition. |
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| 38 Balmoral Drive sold for $939,000 in June 2026 after only 19 days on the market highlighting the premium buyers are willing to pay for renovated multi-level homes in this area. This detached 3-level sidesplit features a similar 3-bedroom, 2-bathroom layout, a finished basement, and a comparable 1,100–1,500 sqft footprint on a 66 x 110 ft lot. The property has undergone a number of upgrades and renovations and also benefits from an attached garage, an inground pool, and it backs onto a park, whereas the subject requires cosmetic improvements but offers a similar functional layout. After making the appropriate adjustments for condition, garage, pool, and lot characteristics, we believe the subject property will be worth at least $775,000 on the MLS once the recommended renovations are completed. |
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| 51 Muskoka Drive sold for $752,500 in May 2026. This bungalow features a 3+2 bedroom layout, 2 bathrooms, and a comparable 1,100–1,500 sqft footprint on a significantly smaller frontage 45 x 110 ft lot, and does not include a garage. The main floor has been renovated throughout, while the basement remains more dated, leaving more room for value to be added. Compared to the comp, the subject offers a 3-level backsplit layout with a finished basement, a wider 60.38 x 106 ft lot, and strong value-add potential through easy cosmetic renovations. After making the appropriate adjustments for condition, layout, and lot characteristics, we believe the subject property will be worth at least $775,000 on the MLS once the recommended renovations are completed. |
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