🏠🤑Off Market Turnkey Hamilton Bungalow at a $95k Discount – Wholetail/Duplex Potential
Wholesale Price: $687,000 (Assignment Fee Included)
***Centennial Pkwy S & King St W, Hamilton, ON***
Photos/Videos: https://drive.google.com/drive/folders/1pJ8dJzsN1-Kz92ds5hBDUHnJKWlMvsk8
FULL BUYER’S PACKAGE: https://conta.cc/3rfX7S6
Nestled on a quiet street near the Hamilton and Stoney Creek border is this charming, solid brick bungalow. This property has been in the same family for over 50 years, and has been maintained very well. The Pride of Ownership is evident when you step foot into the house.
At this price point, you might think that this house is a fixed upper – Nope! The house is in really good shape with many contemporary finishes throughout the main floor. The kitchen, flooring, washroom, and light fixtures were updated in the last 5 years. The roof was just replaced in 2022. The furnace, HWT, and the A/C were taken care of in the last 5 years. The basement is partially finished, and is a perfect canvas for investors looking to add a secondary dwelling unit. It could also be used as a great recreational area. The house was built in 1968, and is also structurally sound with no visible signs of leaks or cracks.
At its current state, this property is in fully turnkey condition- it can easily be financed by an A lender.
For investors looking to add a solid brick bungalow in a premium Hamilton neighbourhood, this house is available to you at a discounted price point of $687k! Many fixer uppers and other properties that were completely dated have sold for much higher than our price point. The discount is solid in this deal, and it leaves an investor with multiple exit strategies!
Get your hands on this Profitable Property today!
Closing: July 31st, 2023 (flexible)
(Seller has the right to extend the closing date upon giving notice in writing to the buyer)
Map Link: https://goo.gl/maps/MGpjzHSsTsMqZgp27
Property Highlights:
- A+ Hamilton Location(close to Stoney Creek border)
- Detached Brick Bungalow
- 50 ft. x 100 ft lot
- 3 Bedrooms
- 2 Bathrooms
- Single Car Garage + Driveway Parking for 4+ Cars
- Outside Entrance to Garage
- Partially Finished Basement
- Separate Entrance to Basement
- Basement ceiling height over 7’
- Year built: 1968
- Taxes: $4,133/year(approx)
- Roof replaced in 2022
- Furnace & AC were replaced in 2018
- HWT Owned
- 100 AMP Breaker Panel
- Vacant Possession
Suggested Renos:
Possibility to add a 2 bedroom unit in the basement, Upgrade some windows
Comparable Properties:
- 15 CALVERT Avenue sold for $865,000 on April 11th, 2023
This property is very comparable to our property in terms of Lot size and overall footprint. It has a finished basement and was renovated with very moderate finishes. It sold for $865k – thats $180k over our price point!
- 3 ORLANDA Road sold for $825,000 on June 16th, 2023
Slightly older than our property but on the same street. Similar lot size and square footage. This property was renovated with contemporary finishes. It is important to note that this property does not feature a garage – it still sold for $140k over our price point!
- 71 FLORA Drive sold for $780,000 on June 16th, 2023
This property has a slightly narrower lot and is of similar age as our property. Unlike our property, this house is completely outdated – it has the original kitchen, washrooms and flooring. It still sold for $95k over our price point. It further goes to prove that the discount on our deal is significant.