$305,000
- 1047 Sq Ft
- 6818 sq ft
- 3
- 1.5
- 2 Car Det.
What Does It Need?
This home is a fantastic renovation opportunity, with endless potential waiting to be unlocked. While it does need some work, as shown in the photos, the rewards could be substantial. The furnace and water heater, though about 22 years old, are still functioning well, and the garage has already received new shingles in 2023. With the right vision, this property could be transformed into something truly special. Here’s a list of the key areas for improvement:
Interior
- Needs cabinets for kitchen, main bath & half bath
- Plumbing fixtures throughout (tubs, toilets, sinks, faucets)
- Paint throughout
- Scrap popcorn ceiling or paint it
- New flooring throughout *note: hardwoods exist*
- Install new trim throughout
- New electrical panel
- Upgrade lighting
- Appliances (5-6)
Exterior
- Needs shingles on house
- Needs new windows and ext. doors
- New siding house, shed and garage
- Soffit, fascia, eavestroughs
- Landscaping, tree pruning
- Fence (optional)
- Air Conditioning (optional)
Basement Suite Addition
This home offers a separate side entrance that provides direct access to both the kitchen and the basement, making it an ideal setup for generating additional income as a revenue property. With the potential for a two-bedroom basement suite, complete with shared laundry, this property is a prime candidate for a profitable flip. The basement already has drywalled finished areas, making the transformation even more straightforward. Here’s what would be needed to unlock its full potential:
- Permits
- Framing to adjust layout for rooms and bathroom
- Fire rated drywall & mud
- Insulation for outside walls
- Basement kitchen cabinets
- 4pc Bathroom (tub/shower, toilet, sink)
- Appliances (2-3)
- Cut in bigger windows (2)
- Baseboard heaters & electrial work
- HRV for ventilation
Estimated Renovation Cost Budget
House Renovation
$110,000
House Renovation + Basement Suite
$140,000
Sale Potential
Comparables
Potential Sale Price
Depending on the renovation completed and quality of work completed, we would expect to fetch the following numbers.
- 1047 Sq Ft
- 3
- 1.5
- 2 Car Det.
$455-475
- 1047 Sq Ft
- 3+2
- 2.5
- 2 Car Det.