Bruce Ave, Timmins
Closing Date: January 11th, 2027**Buyer agrees to pay the sellers legal fees up to $1000**
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- LIGHT RENOVATION: Redo the siding, update the kitchen and bathrooms, replace the flooring, give the home a fresh coat of paint throughout, and then RE-LIST! With the furnace replaced last year, a 2012 roof and copper wiring already in place, the major mechanicals are taken care of, so the work is almost entirely cosmetic. Complete the light renovation, clean it up and get it back on the market to maximize the flip’s profit potential!
Details
- Detached 1.5 Storey
- 2 Bedrooms
- 1.5 Bathrooms
- 846 sqft above ground & 362 sqft below grade
- Unfinished basement accessible from trap door, Used for storage as per seller.
- 6ft ceiling height in basement
- Built in 1954
Mechanical & Systems
- Electrical: Breaker panel with copper wiring
- Furnace: Owned, Installed in 2024
- A/C: No A/C
- HWT: Owned, Due to be replaced
- Appliances included: No appliances included
Roof & Exterior
- Roof: Replaced in 2012 as per seller
- Windows: Older, Date Unknown
Lot & Location
- 37.50ft x 100ft
- Property taxes are approximately $2,609
- EA-CG Zoning
- Zoned commercial residential but is currently a single family home
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: $125,000 or Best Offer
- We believe this property will sell for at least $240,000 on the MLS once the recommended renovations are complete.
Comparable Analysis |
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| 132 Huot St – Sold for $250,000 in September 2026 after only 5 days on the MLS, well over its $159,900 asking price! This comparable detached bungalow features a 2-bedroom, 1-bathroom layout, a detached 1-car garage, a crawl space, and approximately 700–1,100 sqft on a 41′ x 97′ lot. The comparable has a garage, whereas the subject does not. However, the subject property offers an additional half bathroom, a full unfinished basement rather than a crawl space, and a commercial space at the front of the home. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property would be expected to sell for approximately $240,000 on the MLS! |
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| 156 Warner St – Sold for $288,000 in August 2026 after only 14 days on the MLS! This comparable detached 2-storey home features a 2-bedroom, 1-bathroom layout, a 2-car garage, an unfinished basement, and approximately 700–1,100 sqft on a 40′ x 99′ lot. Both properties have an unfinished basement and sit on similarly sized lots, with the subject on a 37.5′ x 100′ lot. The subject’s roughly 900 sqft also falls within the comparable’s size range. The comparable offers a double garage, whereas the subject has no garage. However, the subject property includes an additional half bathroom and a commercial space at the front, offering added flexibility for a future buyer. After accounting for these differences and completing the recommended renovations, we believe the subject property would be expected to sell for approximately $240,000 on the MLS! |
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