Station St, Pelham
Closing Date: January 22nd, 2026** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- FIX & FLIP: A detached duplex on a large lot with major upside potential! For a light flip, clean and paint the main floor, finish the roof, and address the basement moisture and mold. For a full renovation, modernize the property throughout, reface the siding, replace the original windows, update the older electrical, and waterproof the foundation and finish the basement to maximize your ARV.
- BUY & HOLD: The property is already set up as a duplex, with 2 hydro meters and a separate owned furnace for each unit, ready to bring in rental income from both units. Refresh the property, address the basement moisture, and hold for long-term cash flow.
- HOUSE HACK: Move into the upper unit, and rent out the main floor unit after a refresh to offset your mortgage.
Details
- Detached, 2-storey duplex
- Main floor unit: 2 bedrooms, 1 full bathroom
- Upper unit: 3 bedrooms, 1 full bathroom
- Attic access from the main floor
- 2,131 Sqft above grade & 892 sqft below grade
- Full, unfinished basement
- 6–7 ft ceiling height throughout
- No separate entrance
- The basement gets some moisture after heavy rain, bedroom has some mold as a result
- The front of the basement will likely need waterproofing.
- Cinder block foundation
- No garage
- Built in 1900, renovated in 1989
Mechanical & Systems
- Electrical:
- Upper unit has been updated to a breaker panel
- Basement has an older panel
- Wiring is a mix of copper and aluminum
- Furnace: 2 (1 per unit), both owned. One is 5 years old, the other 10 years old.
- A/C: None
- HWT:1, shared, rental
- Hydro: 2 separate meters
- Appliances included: 3 Fridges, 3 Stoves, 2 Washers, 2 Dryers in as is condition
Roof & Exterior
- Roof: Half of the roof has been redone. The other half needs replacing (seller reports no leaks).
- Windows: Mostly original, with 2 vinyl windows installed by the seller
Lot & Location
- 55ft x 188.58ft
- Property taxes are approximately $3,651
- 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 Buy & Hold opportunity.
- Wholesale Price: $450,000 or Best Offer
- We believe this property will sell for at least $800,000 on the MLS once the recommended renovations are complete.
Comparable Analysis |
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| 1105 Haist Street sold for $837,500 in September 2026! This comparable 2-storey duplex features 3+2 bedrooms, 2 bathrooms, a partially finished basement, parking for 6, and approximately 2,000–2,500 sqft on a 75′ x 160′ lot. The comparable was fully professionally remodeled within the last year, including new kitchens, bathrooms, plumbing, electrical, flooring, windows, siding and shingles. Like the subject, it has 2 full bathrooms, a separate unit on each floor and no garage. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property would be expected to sell for approximately $800,000 on the MLS! |
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1239 Pelham Street sold for $780,000 in September 2026 after only 19 days on the MLS! This comparable detached 2-storey home features 4 bathrooms, a finished basement with a kitchenette, a detached 2-car garage, and approximately 1,500–2,000 sqft on a 62′ x 190′ lot. It is similar in size and lot to the subject property, and it offers a 2-car garage, whereas the subject has no garage. However, the subject property is a duplex with 5 bedrooms and a separate unit on each floor, with the opportunity to finish the basement, which would provide it rental income that this single-family comparable does not have. After making the appropriate adjustments and completing the recommended renovations, we believe the subject property would be expected to sell for approximately $800,000 on the MLS!
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