Fifth Ave,St Thomas
Closing Date: October 30, 2026*** The Buyer to make 2.5k 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
- LIGHT RENOVATION: Close, paint, enhance curb appeal and exterior deficiencies and then RE-LIST! The seller has maintained the cosmetics of the property and after some light touch ups the house will be ready for an end user!
- TURNKEY RENTAL: Surrounding properties of similar condition and comparables getting anywhere from $2,100-$2,200 per month in rental income.
Details
- Detached Bungalow
- 2 Bedrooms
- 1 Bathrooms
- 702 sqft above ground & 143 sqft below grade
- Unfinished basement with Crawl space
- Basement can Not be finished
- Built in 1890
Mechanical & Systems
- Electrical: Breaker panel
- Furnace: Owned, approximately 10 years old as per seller
- A/C: No AC
- HWT: Rental, Approximately 10 years old as per seller
- Appliances included: Fridge, Stove, Washer, Dryer in as is condition
Roof & Exterior
- Roof: Steel roof in 2023 as per seller
- Windows: Date unknown
Lot & Location
- 30ft x 120ft
- Property taxes are approximately $2,635
- R3 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: $244,999 or Best Offer
- We believe this property will sell for at least $325,000 on the MLS once the recommended renovations are complete.
Comparable Analysis |
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| 152 Ross St– Sold for $349,900 in April 2026, this property is a strong comparable featuring 2 bedrooms, 1 bathroom, and a partially unfinished basement. With minor updates, the property is move-in ready and sits on a slightly larger lot than the subject property. Given the comparable sale and the subject property’s condition, we believe that with very minor touch-ups, the subject property could achieve a sale price of at least $325,000 on the MLS. |
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| 16 Centre St-Sold for $359,000 in April 2026. This 1.5-storey property features 3 bedrooms, 1 bathroom, a garage, and a crawl-space basement. The home has seen some minor updating but still offers room for further improvements. It is similar in overall size to the subject property, with adjustments required for the comparable’s garage and additional bedroom. After accounting for these differences, we believe the subject property would be expected to sell for approximately $325,000 on the MLS. |
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| 43 Devonshire Place– Sold for $355,000 in June 2026 after just 8 days on the market, providing a strong benchmark for detached bungalows in the area. This property is a very close comparable to the subject, featuring a similar 2-bedroom, 1-bathroom layout, a single detached garage, and a full unfinished basement. It is slightly larger in both overall square footage and lot size, while being in well-maintained condition with minimal updating required. Given the strong similarity in condition and overall specifications, and after accounting for the differences in lot size and garage, we believe the subject property would be expected to sell for approximately $325,000 on the MLS. |
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