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Janice Drive, Barrie
Offer Date: FIRST COME FIRST SERVED
Closing Date: March 31st, 2026
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Fix & Flip: This property is in good condition! Keep your renovation light and strategic to achieve ARV value. To boost ARV, consider adding an in-law suite to the basement.
- Rental: Paint throughout and complete minor upgrades to make this property ready to be rented in no-time!
Property Overview
Details
- Detached Backsplit
- Beds: 2+2
- 2 bedrooms upstairs, 2 bedrooms off the main level
- Baths: 1.5
- Full bathroom upstairs, powder room off the main level
- Consider converting the powder room into a full bathroom if adding an in-law suite
- 890 sqft above ground & 890 sqft below grade
- Previous leak in roof last year after the snow storm, has since been repaired
- Finished Basement, ceiling height approx. 7ft throughout – according to seller
- No garage
- Built in 1979
Mechanical & Systems
- Electrical: Fuses
- Furnace: Gas furnace, owned, replaced in 2010
- A/C: Owned, replaced in 2010
- HWT: Rental
- Appliances included: Fridge, Stove, Washer, Dishwasher in as is condition
Roof & Exterior
- Roof: Replaced 10 years ago, as per seller
- Windows: 1 window needs to be replaced, rest are in good condition – they were replaced when she purchased in 2004
Lot & Location
- 38.40ft x 120ft lot
- Property taxes are approximately $3727
- RM1 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 Rental opportunity.
- Wholesale Price: $434,999 or Best Offer
- We believe that after the recommended renovations are completed, this property should be worth at least $600,000 on the MLS!
- Purchase today with a $165K SPREAD TO ARV!
Comparable Analysis |
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| 69 Janice Drive sold for $598,500 only 28 days ago! This renovated 2+2 bedroom, 2.5 bathroom comparable is a replica of the subject property. The comparable does not have a garage, contrary to what the listing currently indicates. This comparable property has 1 additional full bathroom, whereas the subject property does not, which was likely added during the renovation. After completing the recommended renovations, we believe the subject property should sell for $600,000 on the MLS! |
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| 39 Ferguson Drive sold for $652,500 in January 2026! This 2+1 bedroom, 2 bathroom bungalow with an attached garage has been renovated & is move-in ready. In comparison, the subject is a backsplit and does not have a garage, however both properties are similar in square footage and lot size. The subject property has one additional bedroom, but the comparable has 1 additional full bathroom. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property should sell for $600,000 on the MLS! |
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