Hamilton Assigned

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

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.