Falesy Ave, Kitchener
Closing Date: September 30, 2026**The buyer will cover the sellers legal fees up to a maximum of $2,000**
*** The seller has the option to extend closing to November 30th if notice is provided to the buyer by September 11th***
** 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 modernizing the kitchen and bathrooms, updating the flooring, removing wallpaper, adding modern fixtures and finishes, and completing light landscaping and fresh paint throughout to give the property a clean, modern feel.
Details
- Detached Brick Bungalow
- 2 Bedrooms
- 1.5 Bathrooms
- 1 full upstairs, powder room in basement
- 1,097 sqft above ground & 464 sqft below grade
- No separate exterior entrance to basement, main floor has landing area leading upstairs and downstairs
- Basement ceiling height approximately 7ft throughout
- Finished basement with wood paneling & entrance into the garage
- Built in 1966
- 1 Car Attached Garage
Mechanical & Systems
- Electrical: 200 amp breaker panel
- Furnace: Owned, dated but well kept
- A/C: Owned, dated
- HWT: Rental, new
- Appliances included: Fridge, Stove, Washer, Dryer in as-is condition
Roof & Exterior
- Roof: Replaced in the last 10 years as per seller.
- Windows: Date unknown, some look to be vinyl most are wood
Lot & Location
- 58ft x 100ft
- Property taxes are approximately $3,704
- RES-4 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 opportunity.
- Wholesale Price: $479,999 or Best Offer
- We believe this property will sell for at least $550,000 on the MLS in as-is condition.
- We believe this property will sell for at least $680,000 on the MLS once the recommended renovations are completed.
Comparable Analysis |
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| 118 Wilfred Avenue sold for $565,000 in July 2026.This property offers a similar 1-car attached garage, 1,020 sqft footprint, and similar 57 x 133 ft lot, while featuring an additional below grade bedroom and a walk-up basement. The home is dated but well kept, making it a useful comparison for the subject in its current condition. After making the appropriate adjustments, we believe the subject property is worth at least $550,000 on the MLS in its current condition. |
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| 127 Jansen Avenue sold for $675,000 in December 2025. This 2+1 bedroom, 2-bathroom home features an attached garage and a fully finished basement, with several upgrades and renovations completed throughout. While portions of the home remain somewhat dated, it has been well maintained and provides a strong benchmark for the subject’s renovation potential, particularly for a lighter renovation strategy rather than a full ARV-level renovation.. After making the appropriate adjustments, we believe the subject property will be worth at least $680,000 on the MLS once the recommended renovations are completed. |
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| 149 Trafalgar Avenue sold for $757,000 in May 2026 after just 8 days on the market, providing a strong benchmark for detached brick bungalows in the area. This property features a similar 2-bedroom layout, 1-car attached garage, finished basement, and comparable 1,175 sqft footprint on a 62 x 110 ft lot. The comp benefits from an additional bathroom, larger lot, and separate in-law suite setup, while the subject offers 200-amp electrical service, and a new HWT. With this comp having seen several updates but not in a full ARV condition, it provides a strong indication of the subject’s potential following renovations. After making the appropriate adjustments, we believe the subject property will be worth at least $680,000 on the MLS once the recommended renovations are complete. |
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