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Walter Ave N, Hamilton
Offer Date: FIRST COME FIRST SERVE
Closing Date: December 8th, 2025
**The Seller has the option to extend closing to January 8th 2026 if notice is provided by November 17th, 2025**
*Realtors bring us a client and add your commission on top of the purchase price*
Strategies For Success
- Cosmetic Flip Focus: With updated furnace, tankless water heater, and heat pumps already in place, concentrate on cosmetic renovations only including kitchen, bathroom, flooring, and paint.
Property Overview
Property Details:
- Detached 1.5 Storey
- 4 bedroom configuration (MPAC states 3 bedroom)
- 2 on main floor & 2 upstairs
- 1 full bathroom on main floor
- No basement, crawlspace accessible from outside
- 1,261 sqft above grade
- Brick front and siding on the sides and back of the house
- Some boards need to be replaced on the front and rear decks
- No garage
- Spacious backyard
- Built year 1941
Mechanical & Exterior
- Electrical: 100 AMP breaker panel, copper/aluminum wiring
- Heating & Cooling: 2 heat pumps with ductless splits (used for both heating and cooling)
- Furnace: 1 year old
- Air Conditioning: None
- Water Heater: Tankless unit
- Roof: Approx. 9 years old (per seller)
- Windows: Mostly vinyl, older/dated condition
- Utilities: All updated within the past year (as per seller)
- Included Appliances (As Is): Fridge, stove, and dishwasher
Lot & Location
- 40 ft x 100 ft lot
- Property taxes are approx. $2,796
- R1 Zoning
Important Notes
- Budget for Junk Removal – seller has the option to leave junk behind.
- Property has a noticeable smoke smell
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip Duplex opportunity.
- Wholesale Price: $364,999 or Best Offer
- We believe that this property is worth $415,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $525,000 on the MLS.
- Purchase today for $50K BELOW MARKET VALUE
Comparable Analysis |
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| 156 Normanhurst Avenue sold for $480,000 just 13 days ago. This 4-bedroom, 2-bath 1.5 storey detached home has no garage and sits on a smaller 40 ft x 91 ft lot with a footprint of 1,532 sq. ft. as per the listing. This comparable presents a similarly dated interior requiring full cosmetic renovation to reach ARV potential. While it benefits from a slightly larger floor area, it also includes an unfinished basement, whereas the subject property has no basement. After adjusting for size, basement, and overall condition, the subject property would likely sell for approximately $415,000 in as-is condition. |
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| 259 Julian Ave sold for $415,000 in August 2025. This 2-bedroom, 1-bath detached bungalow sits on a 40 ft x 92 ft lot with a footprint of 887 sq. ft. above grade, as per the listing, and includes an unfinished partial basement. The property has been reasonably well maintained but remains cosmetically very dated throughout. After making the appropriate adjustments for size, layout, and condition, the subject property would be expected to sell for approximately $415,000 in as-is condition. |
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| 109 Tolton Avenue sold for $580,000 in August 2025. This 3-bedroom, 2-bath, 1.5-storey detached home sits on a 40 ft x 92 ft lot with approximately 988 sq. ft. above grade. It includes a 1.5-car detached garage and a finished basement, both adding measurable value compared to the subject property. The home has been fully renovated with modern finishes, updated flooring, a new kitchen, and upgraded bathrooms. Based on this comparable, the subject property, once renovated to a similar standard, could achieve an ARV of approximately $525,000. |
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