Michael Crescent, Barrie
Closing Date: October 26th, 2026** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
FIX AND FLIP: We believe this property is a strong candidate for a cosmetic fix and flip! We recommend clearing out the junk left behind, then updating the property throughout with fresh paint, new flooring and lighting, refreshed bathrooms, kitchen and a finished basement.
Details
- Freehold Townhouse
- 3 Bedrooms
- 3 Bathrooms
- 1 full upstairs
- Powder on main floor and in the basement
- 1,278 sqft above ground & 578 sqft below grade
- Unfinished basement with some drywalling done
- Ceiling height approximately 7-8ft
- Built in 2001
- 1 car attached garage
Mechanical & Systems
- Electrical: Breaker panel with copper wiring
- Furnace: Owned, seller unsure of the age. Appears in good shape
- A/C: Owned, Is original from 2001
- HWT: Owned, Replaced within the past 2 years
- Appliances included: Fridge, Stove, Washer, Dryer in as is condition
Roof & Exterior
- Roof: Replaced in 2014
- Windows: Likely original but they appear to be in good condition
Lot & Location
- 19.68ft x 111.83ft
- Property taxes are estimated to be $4,006
- RM2-TH Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
- Lots of Junk in the property
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.
- Wholesale Price: $399,999 or Best Offer
- We believe this property is worth approximately $480,000 on the MLS in As-Is Condition.
- We believe this property will sell for at least $575,000 on the MLS once the recommended renovations are complete.
Comparable Analysis |
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| 120 Stanley Street sold for $480,000 in September 2026. This comparable is a 2-storey freehold townhouse with 3 bedrooms, 2 bathrooms, a 1-car attached garage, an unfinished basement, and approximately 1,100–1,500 sqft on a 19′ x 109′ lot. Both properties have similar square footage, attached garages and unfinished basements, which makes this a strong benchmark for the subject property. The subject sits on a slightly deeper 19.68′ x 111.83′ lot and offers an additional bathroom, with powder rooms on both the main floor and in the basement. After making the appropriate adjustments, we believe the subject property would be expected to sell for approximately $480,000 on the MLS in AS-IS condition! |
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| 57 Michael Crescent sold for $550,000 in September 2026 after only 13 days on the MLS! This comparable is a 2-storey freehold townhouse with 3 bedrooms, 2 bathrooms, a 1-car attached garage, a finished basement, and approximately 1,100–1,500 sqft on a 19′ x 111′ lot. The subject property is similar in size, with 1,278 sqft above grade on a comparable 19.68′ x 111.83′ lot, and it also has a 1-car attached garage. The subject has an additional bathroom, with powder rooms on the main floor and in the basement. However, the subject’s basement is currently unfinished, whereas the comparable’s basement is fully finished. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property would be expected to sell for approximately $575,000 on the MLS! |
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