Regina Drive, Burlington
Offer Date: FIRST COME FIRST SERVED
Closing Date: June 11th, 2026*The Buyer agrees to pay the Seller’s legal fees up to $2000*
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Wholetail: Position the property for a quick resale with light value-add improvements such as landscaping touch-ups, minor repairs, fresh paint, and staging to enhance presentation
- Fix & Flip: Focus on a clean, modern renovation by updating the kitchens, finishes, and fixtures throughout, while applying fresh paint and addressing minor repairs. Enhance curb appeal with improved landscaping and a new rear deck and fence.
- Rent/ Future Development: Leverage the property as a holding play by renting out the upper and lower units to offset carrying costs while benefiting from land appreciation, with the option to redevelop into a larger upscale home or exit by selling to a builder in the future.
Property Details
- Detached Bungalow
- Beds: 3+2
- Baths: 2
- 1 full upstairs, 1 full downstairs
- Separate entrance to basement from the side of the house
- Basement ceiling approx. 7ft throughout (6.5ft under the bulkhead)
- Kitchen in basement
- No garage
- 975 sqft above grade & 1,003 sqft below grade
- Built in 1952
Mechanical & Systems
- Electrical: 100 Amp Breaker panel with copper wiring
- Furnace: Owned, installed in 2013 as per seller
- A/C: Owned, installed in 2013 as per seller
- HWT: Rental
- Appliances included: 2 Fridges, 2 stoves, and a washer and dryer
Roof & Exterior
- Roof: The front-facing portion of the roof was replaced approximately five years ago, while the remaining sections were installed in 2004.
- Windows: Majority of the windows were replaced between 2002-2006, with the front windows being replaced in 2022.
Lot & Location
- 50 ft x 150 ft
- Property taxes are approximately $4,615
- R2.1 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
- The upstairs portion of the property is currently tenanted, however the tenants have given notice that they will be leaving on May 30th 2026.
- There was a leak years ago from the sump pump that has been fixed. It damaged some flooring in the basement and there is a small amount of mold in the closet of a basement bedroom.
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| The Numbers
We are selling our assignable purchase contract for this excellent Rental opportunity.
- Wholesale Price: $849,999 or Best Offer
- We believe that this property is worth $1,000,000 as-is on the MLS
- We believe that after a mild cosmetic renovation is completed, this property should be worth $1,150,000 on the MLS!
- Purchase today with a $300,000 spread to ARV.
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| 1184 Bellview Crescent sold for $985,500 20 days ago after only 5 days on the market This property is a 4-level backsplit, comes with 3 bedrooms and 2 bathrooms with a larger footprint (1100–1500 sqft), a 2-car garage, sits on a smaller 67 x 104 ft lot, and has a dated interior with an unfinished basement. In comparison, the subject property has a layout of 3+2 bedrooms, 2 bathrooms, providing 2 additional below grade bedrooms, although it lacks a garage and is a bungalow instead of a backsplit. After making the appropriate adjustments, we believe the subject property would sell for approximately $1,000,000 on the MLS in as-is condition. |
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| 1131 Carol Street sold for $1,232,500 in January 2026. The property comes with 2+2 bedrooms, 2 bathrooms and features a larger footprint, a 1-car garage, and has been fully updated throughout, offering a true turnkey product. In contrast, the subject property offers approximately 975 sqft above grade with a similar layout with 1 additional above grade bedroom, and a separate entrance to a full basement, but requires cosmetic updates and remediation, including minor mold treatment and general improvements to reach an ARV condition. While the subject benefits from a larger 50 x 150 ft lot, adjustments must be made for condition, lack of garage, and overall finish level. After completing the recommended renovations and clean-up, we estimate an after-repair value of approximately $1,150,000 on the MLS. |
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