Wholesale Price: $397,000 (Assignment Fee Included)
***Dundurn St N & York Blvd , Hamilton, ON***
Videos:Â
https://drive.google.com/drive/folders/1VSl3HbE93qj-wrQreohpkRuMQAOkAv0I?usp=sharing
FULL BUYER’S PACKAGE: https://conta.cc/3QbA98U
Map Link: https://goo.gl/maps/88CoxRvqUL97aYPa8
Profitable Property is excited to present this excellent semi detached house in the Trendy Strathcona Neighbourhood in Hamilton – all at a super discounted price of $397k!
At this price point, you might think that the property is a complete fixer upper – nope! The subject property is a 2.5 Storey Victorian Style Semi-detached dwelling in good condition. The main floor consists of a living /dining area with hardwood flooring,and a kitchen with ceramic tile flooring and laminate countertops. The second level contains 3 bedrooms with hardwood flooring, a 4 piece bathroom with ceramic tile flooring, and a Loft space with skylights.
The walkout basement is fully finished and consists of a rec area, laundry and a full washroom
The property would only need some minor cosmetic fixes to make it MLS ready. The property is in full livable shape – no need for major updates or expensive repairs. The roof and HVAC were taken care of in the last 5 years.Â
This property has the Charm and Character of a Century Home. We are confident that an investor will be able to profit on this deal. At a $397k purchase price, it is tough to go wrong on this Profitable Property!
Closing: September 1st, 2023
Note: The Seller does not guarantee Vacant Possession. However, we have a signed N11 form from the former tenant. Our Paralegal has advised that we should be able to get an ex parte order for eviction should the former tenant’s occupant choose to stay in the property past the termination date.Â
Map Link: https://goo.gl/maps/yUPpo8TVyHZdvGuBA
Property Highlights:
- A+ Hamilton LocationÂ
- Victorian Style 2.5 Storey Semi-Detached House
- 3 Bedrooms
- 2 Full Bathrooms
- 24 ft. x 61.5ft lotÂ
- Brick Exterior
- Parking Pad at the Front of the House
- Hardwood and Tile Flooring Throughout
- Finished Walkout BasementÂ
- 8ft ceiling in BasementÂ
- Year built: 1895
- Taxes: $3,137/year(approx)
- Roof was replaced in 2020
- Updated 200 AMP Breaker Panel (2019)
- Mini Split HVAC System (2019)Â
- Vinyl Windows in Main Floor(2012)Â
- Basement Windows (2019)Â
Suggested Renos:Â
Cosmetic Updates, Property is in Good Condition
Comparable Properties:
- 74 Pearl St. N sold for $735,000 on May 31st, 2023
https://housesigma.com/web/en/house/1DBW7Rn8rGE7qlAp/74-Pearl-Street-N-Hamilton-L8R2Y9-H4164216
This renovated Victorian Semi detached Home is of the same age, size and overall footprint as our property. This property was tastefully updated with finishes that kept the character of this century home. It sold for $735k at the end of May – that’s $335k+ over our price!
- 201 Caroline St. N sold for $649,000 on June 12th, 2023
This older semi detached property was renovated and sold in June for $649k!
This property has one less bedroom and does not have parking – it still sold for $250k+ over our price point!
- 56 Margaret St. sold for $635,000 on June 5th, 2023
This semi has one less bedroom than our property. It also does not have a parking pad. The property was renovated with contemporary finishes. In spite of being smaller than our property, it still sold for $635k – thats $235k+ over our price point!