Shade St,Cambridge
Closing Date: October 30th, 2026
*The Seller has the option to extend closing to November 15 2026 if notice is provided to the Buyer by October 10th 2026**Buyer to make 5k Deposit directly to the seller after going firm. In the case of a default the Seller shall provide a deposit mortgage/charge in favour of the Buyer*
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- FIX & FLIP: Complete a full renovation focused on modernizing and updating the entire property, including addressing the roof and replacing the windows as necessary. The property will require cosmetic interior renovations, including updates to the kitchen, flooring, paint, fixtures, finishes, and other interior components as required. The best strategy to maximize profitability here is to leave the basement unfinished, as the comparable properties identified also feature unfinished basements.
Details
- Detached 2 Storey
- 3 Bedrooms
- 1 Bathrooms
- 1,485 sqft above ground & 197 sqft below grade
- Unfinished basement
- Ceiling height approximately 5’5″ throughout
- Unfinishable, mostly for storage
- Built in 1888
- No Garage
Mechanical & Systems
- Electrical: Breaker panel 100 amp
- Furnace: Rental, 2-3 years old according to Seller.
- A/C: No A/C
- HWT: Rented, Currently disconnected due to a crack in the tankless system
- Appliances included: Fridge, Stove, Washer, Dryer in as-is condition
Roof & Exterior
- Roof: Due to be replaced as per Seller
- Windows: Due to be replaced as per Seller
Lot & Location
- 38ft x 92ft Irregular lot
- Property taxes are approximately $3,795
- C1RM1 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
- Slight smoker home
- Property needs full gut reno
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.
- Wholesale Price: $324,999 or Best Offer
- We believe this property will sell for at least $520,000 on the MLS once the recommended renovations are completed.
Comparable Analysis |
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| 48 Pollock Sold for $570,000 just 1 day ago! This property is a strong comparable given its similar 3-bedroom, 1-bathroom layout, unfinished basement, and comparable above-grade living space and same age as the subject property. This property does however come with a 1-car garage, sits on a larger 49′ x 103′ lot, and has had a number of meaningful updates such as a newer steel roof, most windows replaced, updated electrical, and upgraded mechanical systems. The subject’s smaller lot, lack of garage, and exterior siding warrant a downward adjustment. Taking these differences into account, we believe the subject property could achieve approximately $520,000 on the MLS following the recommended renovations. |
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| 51 East St Sold for $540,000 in July 2026, this 3-bedroom, 1-bathroom detached 1.5-storey home featured an unfinished basement and 985 sq. ft. of above-grade living space on a 45′ x 150′ lot. The property is smaller than the subject in terms of above-grade living space but sits on a larger lot. It had been fully renovated throughout and also featured a detached garage, unlike the subject property. Therefore, after completing the recommended renovations, adjusting for the absence of a garage, and listing on the MLS, we believe the subject property would sell for 520,000! |
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| 39 Kerr St sold for $487,500 in August 2026. This comparable detached 2 storey has 3 beds and 2 bath and is similar in size to the subject property and sits on a smaller lot of only 32 x 86 feet. The property has had some updates and upgrades throughout, although additional improvements could have been made to bring the property closer to its full ARV potential. The subject property presents a similar overall profile, but its additional deferred maintenance and required repairs would place it at a lower value point than this comparable. Therefore, after completing the recommended renovations and listing on the MLS, we believe the subject property would sell for $520,000! |
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