2 Storey Detached House in Hamilton! Assigned

  • $269,999
Assigned

Fix & Flip Opportunity

$80K BELOW Market Value!

300K+ SPREAD TO ARV!!

Dalkeith Avenue
Dalkeith Avenue, Hamilton, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: July 15th, 2024

**Realtors bring us a client and add your commission on top of the purchase price**

About the Property

This detached home in Hamilton has loads of potential! There was a fire that ruined a big portion of the home. We would recommend taking the property down to the studs and giving the property a full cosmetic renovation. The fire resulted in widespread structural damage to the upper tier floor. More information regarding this fire can be found in the Engineer Assessment that is located in the dropbox. The property consists of 4 bedrooms, 1 bathroom and has a footprint of 1456 sqft. The property sits on a 20ft x 80ft lot and has parking out front. This property is perfect for an investor looking for their next fix and flip in the growing city of Hamilton! Call NOW! This deal will not last!

About the Neighbourhood 

The subject property is situated in the Crown Point west neighborhood of Hamilton. Hamilton is located west of the GTA. The subject property is located West of Kenilworth Ave North and North of Barton St. The property is surrounded by countless amenities such as restaurants, hospitals, Shoppers Drug Mart, No Frills, Tim Hortons, and many more! The subject property is a 10-minute drive from the Hamilton GO Centre providing easy transportation for commuters. There are multiple bus stops within walking distance of the subject property. Hwy 403 is a 9-minute drive away providing easy access both east towards the GTA and west towards Brantford.

Property Details

  • Detached 2 Storey House
  • 4 bedrooms
  • 1 bathroom
  • Appliances are NOT included
  • 1456 sqft above grade
  • 592 sqft below grade
  • Parking spot out front
    • Could fit two small cars
  • Property taxes are about $2017
  • Basement Ceiling Height Roughly 6.5ft’
    • 4-5 inches of water in basement
  • Electrical/Plumbing need to be redone
  • Built in 1910
  • Furnace and HWT will be in AS-IS condition
  • No A/C
  • Roof and Windows need to be redone
  • Lot size is 20ft x 80ft
  • D Zoning

Recommended Renovations

  • Full cosmetic renovation
  • The seller has the option to leave junk behind so we would recommend budgeting for junk removal
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.

  • Wholesale Price: $269,999
  • We believe that this property is worth $350,000 on the MLS
  • We believe that after a FULL renovation this property should be worth at least $600,000 on the MLS.
  • Purchase today for $80K BELOW MARKET VALUE

Comparable Analysis
  • 256 AVONDALE Street sold for $322,000 27 days ago! This comparable consists of 3 bedrooms 1 bath and is much smaller in size (1000 sqft) than the subject property. This property was also being sold in “as-is” condition and being advertised as an “investors dream.” Unlike the subject property, the comparable has no parking and is also siding exterior. The comparable sits on a slightly larger lot size than the subject property (20ft x 90ft). Therefore, after adjustments, we believe this property is worth at least $350,000 in “as-is” condition.
  • 43 Dalkeith Avenue sold for $530,000 in April 2024! This comparable consists of 3 bedrooms 1 baths and is located on the same street as the subject property! The comparable is smaller in size (1095 sqft) and while the comparable presents itself better than the subject property it is still dated throughout. The comparable does have parking out front but unlike the subject property it is aluminum siding. The comparable sits on a slightly larger lot size than the subject property (29ft x 80ft).Therefore, after adjustments and a full renovation, we believe this property would sell for at least $600,000 on the MLS.
  • 264 BALMORAL Avenue sold for $647,000 in April 2024! This comparable consists of 4 bedrooms 2 baths and is smaller in size (1350 sqft) than the subject property. The comparable has been completely renovated throughout and similar to the subject property there is parking out front. The comparable sits on a larger lot size than the subject property (22ft x 107ft) but unlike the subject property it does not have a full basement (as per the listing).Therefore, after adjustments and a full renovation, we believe this property would sell for at least $600,000 on the MLS.
Price:
$269,999
Address:
Hamilton
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1910

Call 647-930-0291 for more details