Franklin Street South, Kitchener
Closing Date: July 31, 2026** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- FIX & FLIP : Complete a light renovation focused on upgrading select flooring, addressing minor repairs, updating fixtures and finishes, refreshing the bathroom tub/shower, and replacing windows where needed.
Details
- Detached Bungalow
- 2+1 Bedrooms
- 1 Bathroom
- 691 sqft above ground & 691 sqft below grade
- Finished basement, no separate entrance
- Ceiling height approximately 6.5 ft throughout
- Built in 1890
- Detached garage
Mechanical & Systems
- Electrical: Fuses
- Furnace: Owned, 5 years old
- A/C: Owned, 24 years old
- HWT: Rental, unsure of age
- Appliances included: Fridge, Stove, Washer, Dryer in as is condition
Roof & Exterior
- Roof: Replaced 14 years ago
- Windows: some windows replaced 4-5 years ago, remaining windows will need to be replaced
- Foundation: No leaks in the foundation
Lot & Location
- 42.8 ft x 132 ft
- Property taxes are approximately $2,551
- RES-4 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: $379,999 or Best Offer
- We believe this property will be worth $580,000 on the MLS once the recommended renovations are completed.
Comparable Analysis |
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| 157 Fifth Ave sold for $565,000 just 10 days ago after only 14 days on the market. This property is comparable to the subject, offering a similar 2-bedroom layout, detached garage, and overall condition, while benefiting from an additional bathroom, a larger 916 sqft footprint, a deeper 41 x 165 ft lot, and a finished basement with walk-up access. In comparison, the subject features a 2+1 bedroom layout, a finished basement, and a desirable 42.8 x 132 ft lot, offering strong value-add potential despite lacking walk-up access. After making the appropriate adjustments for size, layout, basement configuration, and lot characteristics, we believe the subject property will be worth at least $580,000 on the MLS once the recommended renovations are completed. |
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| 381 Connaught Street sold for $615,500 in March of 2026 after just 11 days on the market. This property features a similar 2-bedroom layout, 1 bathroom, a detached garage, and a larger 1,121 sqft footprint on a 53 x 132 ft lot. The home has seen several upgrades and updates but has not yet reached full ARV condition, making it a strong benchmark for a light renovation strategy. Compared to the comp, the subject offers a more desirable 2+1 bedroom layout and a fully finished basement, while requiring additional cosmetic improvements to maximize its value. After making the appropriate adjustments, we believe the subject property will be worth $580,000 on the MLS once the recommended renovations are complete. |
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