Hamilton Assigned

  • $379,999
  • 3 beds
  • 1 baths
  • 1374 sqft
Assigned
Wholesale Price of $379,999 or Best Offer!

By March 7, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $40,000 BELOW Market Value!
Closing Date: March 19, 2021

**Due to COVID-19 restrictions sight unseen offers are preferred.**

Birch Ave, Hamilton, ON

Detached 2.5 storey located in the Gibson area of Hamilton. The subject property contains 3 bedrooms, 1 bathroom and is approximately 1,347 sqft. The property is situated in the downtown area of Hamilton near schools, restaurants, shops and Powell park. The subject property is perfect for a fix & flip or possible duplex conversion after applying for a minor variance

Property Features

  • Detached 2.5 storey
  • 579 sqft above first floor
  • 579 sqft above second floor
  • 216 sqft third floor
  • 579 sqft basement
  • 3 bed, 1 bath
  • 20 ft Frontage x 70 ft Depth
  • 0 parking
  • Furnace is owned and about 12 years old
  • Most windows are new
  • Roof needs to be replaced
  • Hot water tank is rented
  • Breaker panel
  • Unfinished basement
  • Basement height over 77 inches
  • D zoning allows for 2-unit dwelling

Renovations Needed

  • Full cosmetic renovation
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent FIX & FLIP or Duplex opportunity.

  • Wholesale Price: $379,999 or Best Offer
  • We believe that this property is worth $420,000 as-is on the MLS
  • We believe that after a full cosmetic renovation this property should be worth $650,000 as a single family or $700,000+ as a Duplex
  • Purchase today for $40K BELOW MARKET VALUE

Comparable Analysis

  • 30 Holton Ave n sold in January 2021 for $465,000. It is a detached 2.5 storey with 3 bedrooms, 2 bathrooms and is approximately 1,300 sqft. It sits on a 21 ft by 68 ft lot, has 2 parking spots and is completely unrenovated inside. Adjusting for the lack of parking on the subject property and the condition we believe that the as-is MLS value should be around $420,000.
  • 16 Garfield Ave N sold 10 days ago for $701,000. It is a detached 2.5 storey with 3+1 bedrooms, 2 bathrooms and is approximately 1,300 sqft. It sits on a 22 ft x 106 ft lot, has 1 parking spot and is completely renovated inside with an in-law suite. We believe that after a full renovation of the subject property it should sell close to this comparable.
If You’re Interested….

Email us at info@belviewrealestate.ca or call Sal at 416-993-5279. Sal can answer any questions you have and set up a time to view the property.

 

Please Do Not Go Directly to the Property

 

Disclaimer: The contents of this email are for informational purposes only. We are not home inspectors or appraisers. Please ensure you do your own due diligence.
Price:
$379,999
Address:
Hamilton, ON
Square Feet:
1374
Lot Size:
20 x 70
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Basement:
Unfinished

Call 647-930-0291 for more details