Eighth Ave, Kitchener
Offer Date: FIRST COME FIRST SERVED
Closing Date: May 26th, 2026** Realtors bring us a client and add your commission on top of the purchase price**Strategies For Success
- Fix & Flip: Complete a comprehensive cosmetic renovation focused on modernizing the kitchen and bathrooms, upgrading flooring throughout, replacing the basement ceiling, and finishing with contemporary fixtures and finishes, and fresh paint.
- Duplex: Take advantage of the separate entrance by adding a basement kitchen and with the 2 bedrooms currently in place, a buyer can come in, renovate and enjoy the cash flow!
Property Details
- Detached Brick Bungalow
- Beds: 2+2
- Baths: 2
- 1 full upstairs, 1 full downstairs
- Separate entrance to basement from the side of the house
- Basement ceiling approx. 6’8 ft throughout (6 ft under the bulkhead)
- Single Car Garage (Attached)
- 1,130 sqft above grade + Full Basement
- Built in 1955
Mechanical & Systems
- Electrical: 100 Amp Breaker panel with copper wiring
- Furnace: Owned, ~20 years old
- A/C: Owned, dated
- HWT: Owned as per seller.
- Appliances included: None
Roof & Exterior
- Roof: Most of the roof was reshingled with the exception of the peaks
- Windows: Most of the windows are dated.
Lot & Location
- 55 ft x 132 ft
- Property taxes are approximately $3,962
- R2B 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 or Duplex opportunity.
- Wholesale Price: $459,999 or Best Offer
- We believe the current market value is $560,000. Purchase today for $100K BELOW MARKET VALUE!
- We believe that after the recommended renovations are completed, this property should be worth at least $675,000 on the MLS!
- Purchase today for $215K SPREAD TO ARV!
Comparable Analysis |
|
 |
| 246 Eighth Ave sold for $558,000 in December 2025, reflecting solid demand for bungalow product in need of renovation within this price segment. This property is highly comparable to the subject, offering a similar 2+1 bedroom layout, 2 bathrooms, and a full basement, with both properties requiring updates and improvements. The subject property benefits from a larger 55 x 132 ft lot compared to the comp’s 45 x 132 ft lot, as well as a slightly larger above-grade footprint at 1,130 sqft versus 1,041 sqft. Additionally, while the comp features a carport, the subject offers a more desirable attached single-car garage. After making the appropriate adjustments, we believe the subject property should conservatively sell for at least $560,000 on the MLS. |
|
 |
| 81 Clark Ave sold for $660,000 just 3 days ago after only 5 days on the market, indicating very strong demand for renovated bungalow product in this segment. This property is comparable to the subject as a brick detached bungalow; however, it features an inferior 2+1 bedroom layout and only 1 bathroom. The comp also sits on a smaller 50 x 110 ft lot and does not offer a garage, whereas the subject benefits from a larger 55 x 132 ft lot, a superior 2+2 bedroom and 2-bathroom configuration, and an attached garage. Condition is the key differentiator, as the comp has undergone an extensive renovation throughout, while the subject requires a full update to achieve similar appeal. After making the appropriate upward adjustments for the subject’s stronger fundamentals and accounting for the renovation required, we believe the subject property would reasonably achieve a resale value of approximately $675,000 on the MLS upon completion of the recommended renovations. |
|
|
|
