Parkland Cres, Kitchener
Closing Date: October 30, 2026**The Buyer agrees to pay the sellers legal fees up to $2000**
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- FIX & FLIP: Complete a cosmetic renovation by deep cleaning and removing all the junk, refresh the kitchen, and bathrooms, replace the backyard deck, and finishing with fresh paint, and modern fixtures and finishes.
- WHOLETAIL: Clear out the junk and give the property a thorough cleaning before quickly relisting on the MLS.
Details
- Detached 2 Storey
- 3 Bedrooms
- 1.5 Bathrooms
- 1362 sqft above ground & 642 sqft below grade
- No separate entrance to basement
- Ceiling height 7ft throughout, 6.5ft under bulkhead
- Backyard deck needs to be replaced.
- Built in 1977
- 1 Car Attached Garage
Mechanical & Systems
- Electrical: Fuse panel
- Furnace: Replaced in 2024, owned.
- A/C: Replaced in 2024, owned.
- HWT: Rental
- Appliances included: ALL Appliances included!
Roof & Exterior
- Roof: 7-8 years old, as per seller.
- Windows: Original windows
- Foundation: No visible cracks, good condition.
Lot & Location
- 42.27ft x 124.14ft
- Property taxes are approximately $4070
- RES-3 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 or Wholetail opportunity.
- Wholesale Price: $539,999 or Best Offer
- We believe this property will sell for at least $675,000 on the MLS in as-is condition.
- We believe this property will sell for at least $740,000 on the MLS once the recommended renovations are completed.
Comparable Analysis |
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| 106 Parkland Crescent sold for $715,000 on the market in June 2026. This property features a similar 3-bedroom layout, 2 bathrooms, an attached garage, and a comparable 1,280 sqft footprint on a 40 x 110 ft lot. While the home is dated, it has been well maintained and includes a partially finished basement. Compared to the comp, the subject offers a larger 1,362 sqft layout, a deeper 42.27 x 124.14 ft lot, a fully finished basement, and major capital improvements including a new furnace and A/C, though it requires updates such as window replacement and a new backyard deck. After making the appropriate adjustments for layout and condition, we believe the subject property is worth at least $675,000 on the MLS today. |
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| 38 Deerwood Crescent sold for $800,000 in May 2026 after just 3 days on the market, demonstrating the strong demand for updated detached homes in this neighbourhood. This 2-storey property features a similar 3-bedroom, 2-bathroom layout, a finished walkout basement, a 2-car attached garage, a 1,500–2,000 sqft footprint, and sits on a pie-shaped lot. The home has also undergone renovations and upgrades throughout, making it a strong ARV comparable to the subject. After making the appropriate adjustments for size, condition, layout, basement configuration, garage, and lot characteristics, we believe the subject property is worth at least $740,000 on the MLS once the recommended renovations are completed. |
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