Wallace Ave, Port Colborne
Offer Date: FIRST COME FIRST SERVED
Closing Date: April 15th, 2026*The Seller has the option to shorten closing to April 1st 2026 if notice is given to the buyer by March 16th 2026. The Seller may also extend closing toMay 1st, 2026 if notice is given to the buyer by March 30th, 2026.*
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
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Fix & Flip: Complete a full interior clean-out and deep cleaning to eliminate pet odour and improve the properties overall presentation, followed by fresh paint throughout. Value can be further increased by modernizing fixtures and finishes, while exploring updates to the kitchen, flooring, and bathrooms to create a more contemporary, move-in-ready product.
Details
- Detached 1.5 storey property
- Beds: 3
- 2 on main floor
- 1 loft upstairs with laundry and full ensuite bathroom
- Baths: 2
- 1 on the main floor & 1 upstairs
- 1,087 sqft above ground & 261 sqft below grade
- Unfinished Basement, approx. 5’9″ ceiling height throughout the basement (used as storage)
- Sump pump works and is in good shape
- 1.5 car detached garage
- Built in 1930
Mechanical & Systems
- Electrical: Fuses with copper wiring and there may be some aluminum
- Furnace: Owned, installed in 2008
- A/C: Owned, installed in 2008
- HWT: Owned, 10 years old
- Appliances included: Fridge, Dishwasher, Stove, Washer, Dryer in as is condition
Roof & Exterior
- Roof: Replaced in 2015
- Windows: Replaced in 2015
Lot & Location
- 50 ft x 150 ft lot
- Property taxes are approximately $2,880
- R2 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
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Pet odour in the property.
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.
- Wholesale Price: $289,999 or Best Offer
- We believe that after the recommended renovations are completed, this property should be worth at least $450,000 on the MLS!
- Purchase today for $160K SPREAD TO ARV
Comparable Analysis |
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| 132 Franklin Avenue sold for $450,000 in January 2026. This 1.5 storey detached home comes with approximately 1,334 sq. ft. above grade with 4 bedrooms, 2 bathrooms, a single-car garage, and a finished basement on a 63 ft x 119 ft lot. The property has undergone some upgrades but does not represent a true ARV benchmark. While Franklin Ave benefits from a larger above-grade footprint, an additional bedroom, and a finished basement, the subject property offers a comparable 50 ft x 150 ft lot and a larger detached 1.5 car garage. After making the appropriate adjustments and assuming completion of the recommended improvements, we believe the subject property should sell for at least $450,000 on the MLS. |
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| 508 Main Street West sold for $445,000 in October 2025. This detached 1.5 storey home offers approximately 1,100–1,500 sqft footprint above grade with 3 bedrooms, 2 bathrooms, a two-car garage, and a full basement situated on a 64 ft x 110 ft lot. The property has benefited from some recent upgrades but does not represent a fully renovated ARV-level comparable. While Main Street West features a larger garage and a more functional full basement, the subject property benefits from a deeper 50 ft x 150 ft lot, and more room for value-add potential through cosmetic improvements and modernization. After making the appropriate adjustments and assuming completion of the recommended improvements, we believe the subject property should sell for at least $450,000 on the MLS. |
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