Balaclava St, St. Thomas
Offer Date: FIRST COME FIRST SERVED
Closing Date: March 3, 2026** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Fix & Flip or Rental Hold: Take advantage of the attractive entry price by completing a value-add renovation for resale, or alternatively hold the property as a single-family rental to generate stable long-term cash flow.
Property Overview
Details
- Detached 1 3/4 Storey House
- Beds: 3
- One has been converted into a laundry room.
- Reno Recommendation: Relocate the washer & dryer to a washroom to re-sell/rent as 3 finished bedrooms.
- Baths: 1.5
- Full bathroom upstairs, powder room on main floor.
- 1,414 sqft above grade & 226 sqft below grade
- Lot is 48.84 x 178.20ft
- Partial Basement – 5.5/6ft
- Access through trapdoor in powder room
- There is lifting in the concrete of the basement from roots, according to the seller. Cracking did not seem to cause unevenness in the stairs or joists, based on our walkthrough. Would recommend digging out & replacing this area to make it even.
- Sump pump in the basement
- Built in 1883
- Sunken living room rear addition was completed prior to the seller’s purchase, likely in the 70s.
Mechanical & Systems
- Electrical: Copper wiring ; knob & tube has been disconnected.
- Furnace: Owned, replaced in 2006
- A/C: Owned, replaced in 2006
- HWT: Rental, replaced in 2006
Roof & Exterior
- Roof: New, replaced 5 years ago.
- Windows: 10+ year old vinyl windows.
- Driveway: Needs to be paved.
Lot & Location
- Property taxes are approx. $2,640
- 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 or Rental opportunity.
- Wholesale Price: $239,999
- In AS-IS condition, we believe the subject property would sell for at least $290,000 on the MLS today.
- We believe that after the recommended renovations are completed, this property should be worth at least $410,000 on the MLS
Comparable Analysis |
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| 30 Yarwood St sold for $290,000 in October 2025. This detached 2 bedroom, 1 bath house is very dated, with original panelling, cabinetry, trims & doors throughout. This comparable property is smaller than the subject property, with the listing describing it to be 700-1100 sqft. Additionally, the subject property sits on a larger lot in comparison to this comparable. Both properties are likely around the same age, as the listing indicates the comparable is 100+ years old, with unfinished basements in both. Both properties would require a full renovation, aside from one full bathroom in the subject property. After making the appropriate adjustments, we believe the subject property would sell for at least $290,000 on the MLS today. |
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| 91 Malakoff St sold for $410,000 in October 2025. This detached 2 bedroom, 1 bath house has been completely renovated with nothing left untouched – including full exterior landscaping. Despite the full renovation, the subject property would be superior after renovation as it is slightly larger and has an additional bedroom + powder room. The subject property has a larger regular shaped lot, whereas the comparable property sits on an irregular lot. The comparable property also has a newly installed metal roof, which is superior to the subject property’s shingle roof. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property should sell for at least $410,000 on the MLS today. |
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