Maple St, St Thomas
Closing Date: October 20th, 2026**The Buyer agrees to pay the sellers legal fees up to $2500**
**The Buyer to make 10k 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
- Fix and Flip: The property would benefit from a cosmetic renovation throughout, including updated finishes, paint, flooring, and fixtures. The water issue in the basement should also be addressed, followed by finishing the basement to add additional living space and maximize resale value. A fourth bedroom can also be created on the main floor by rebuilding a wall that was previously removed.
Details
- Detached Bungaloft
- 3 Bedrooms
- Seller removed a wall to make one big bedroom. A wall can easily be added to turn the property into a 4 bedroom
- 2 Bathrooms
- One full bathroom on main floor, One full bathroom in the basement
- 1,053 sqft above ground & 1,053 sqft below grade
- Basement ceiling height approx. 6’9 for most of the basement and 5’9 under support beam
- Built in 1910
- Driveway parking
Mechanical & Systems
- Electrical: Breaker panel
- Furnace: Owned, replaced in 2016
- A/C: Owned, Needs to be replaced, no longer working
- HWT: Owned, Replaced in 2016
- Appliances included: Fridge, Stove, Washer, Dryer in As-Is Condition
Roof & Exterior
- Roof: New shingles in 2016
- Windows: Dated, Vinyl Double Panel
- Exterior: Eavestroughs need to be fixed in some areas which has caused some water pooling at foundation.
- Foundation: Slight leakage in basement when there is heavy rainfall. Buyer to budget fixing the eavestroughs and adding weeping tile to address the issue.
Lot & Location
- 43 ft x 120 ft lot
- Property taxes are approximately $2,772
- R3 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
- Slight smoker home
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix and Flip / Wholetail opportunity.
- Wholesale Price: $269,999 or Best Offer
- We believe this property will be worth at least $450,000 on the MLS once the recommended renovations are completed.
Comparable Analysis |
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| 31 Fifth Ave-Sold for $450,000 in July 2026. This detached 1.5-storey property sits on a smaller 30 ft x 70 ft lot and is approximately 1,100–1,500 sq. ft. The comparable offers slightly more square footage and an additional bathroom than the subject property. It has been fully renovated and features a finished basement, demonstrating the value of maximizing the home’s available living space. Given the comparable’s smaller lot, the subject property has strong potential to achieve a similar sale price with the appropriate improvements. By completing the recommended renovations, finishing the basement, and adding a bedroom to match the comparable, we believe the subject property would be positioned to sell for approximately $450,000 on the MLS. |
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| 25 Erie St- Sold for $438,000 after 35 days on the MLS. This detached 1.5-storey sits on a larger 53 ft x 132 ft lot, offers more square footage, and features a garage, while the subject property is smaller, brick, and does not have a garage. These differences should be considered when comparing the two properties. However, the comparable has seen limited renovations and features an unfinished basement, demonstrating strong resale value without the need for major improvements or additional finished living space. Considering these factors, along with the subject property’s potential for minor updates and the addition of a bedroom, we believe the subject property would be expected to sell for approximately $450,000 on the MLS. |
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