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Ross St, Waterford
Offer Date: FIRST COME FIRST SERVED
Closing Date: May 5, 2026
*The basement unit is currently tenanted. Property will be vacant on closing.*
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Wholetail: No renovation needed! This property received a full main floor renovation 3 years ago, and the basement apartment remains in great shape. Paint throughout, stage and have it on the MLS in no time!
- Move-In Ready: ATTN Realtors – This is an excellent opportunity for an end-user! Take advantage of this massive discount, complete minimal cosmetic touch ups, and move into your forever home. Plus – house hack & rent out the basement to minimize monthly payments!
- Rental: Close on this property & have both units up for rent within a week!
Details
- Detached bungalow on large corner lot
- Beds: 3+2
- Legally 3 bedrooms on main floor, however one room was turned into mud room/laundry room
- 2 bedrooms in basement, one is legal
- Baths: 2
- 1 on the main floor & 1 in basement
- Main floor living room was converted into a small salon. Plumbing can be capped to bring the space back to a living room.
- Main floor reno was completed in 2022/2023
- 1,413 sqft above ground & 1,559 sqft below grade
- Finished Basement Apartment, approx. 7ft ceiling height throughout
- Access to the basement is only from the exterior door, through the garage. Sellers have removed the interior stairs to the basement.
- 2 car attached garage
- Built in 1989
Mechanical & Systems
- Electrical: 2 panels, both breaker, one is for the pool (not separated by units)
- Furnace: Gas, replaced by previous homeowners in 2018 as per seller
- A/C: Owned, replaced in 2018 as per seller
- HWT: Rental, replaced in 2018 as per seller
- Appliances included: Fridge, stove, dishwasher, basement fridge, basement stove. Salon sink is excluded.
Roof & Exterior
- Roof: Replaced in 2015
- Windows: Replaced in 2017
- In-Ground Pool: Installed 4 years ago
- Exterior Deck: 4 years old, needs one step to be finished
Lot & Location
- 160.68ft x 74.65ft lot
- Property taxes are approximately $4,422
- R1 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
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The basement unit is currently tenanted. Property will be vacant on closing.
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.
- Wholesale Price: $589,999 or Best Offer
- We believe that after the recommended renovations are completed, this property should be worth at least $725,000 on the MLS!
- Purchase today for $135K SPREAD TO AS-IS VALUE
Comparable Analysis |
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| 51 Brown St W sold on the MLS just 26 days ago for $700,000! This newly built 3-bed, 3-bath home comes in slightly smaller than the subject property at 1,100 sqft above grade versus 1,413 sqft, and sits on a smaller lot with only a 1-car attached garage. The subject property, by contrast, benefits from a large corner lot, a 2-car attached garage, a finished basement apartment with a separate entrance, and an in-ground pool – none of which this comparable offers. After appropriate adjustments, we believe the subject property will sell for at least $725,000 on the MLS today! |
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| 61 East Church St sold for $735,000 just 26 days ago! This detached bungalow closely mirrors the subject property with 3 bedrooms, 2 full bathrooms, and a 2-car attached garage, though it has seen only minimal renovations — new kitchen cabinets and updated bathrooms – and would still require a significant renovation to reach its ARV potential. It also features an unfinished basement, whereas the subject property boasts a finished basement apartment and an in-ground pool. After appropriate adjustments, we believe the subject property will sell for at least $725,000 on the MLS today! |
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