Hamilton Assigned

By March 19, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $30,000 BELOW Market Value!
Closing Date: April 30, 2021

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

Cope Street, Hamilton, ON

Detached bungalow located in the Homeside area of Hamilton. The subject property contains 2 bedrooms, 1.5 bathrooms, a partially finished basement and is approximately 700 sqft. The property is situated near schools, restaurants, shops and Andrew Warburton Memorial park. The subject property is suitable for a beginner or experienced investor who is willing to take on a cheap fix & flip project. There are currently no detached houses listed for under $400k surrounding the subject property!

Property Features

• Detached bungalow
• 700 sqft first floor
• 678 sqft basement
• Front addition built about 10 years ago
• 2 bed, 1.5 bath
• 25 ft Frontage x 98 ft Depth
• Brand new furnace
• Roof is about 6 years old
• Most windows may need to be replaced
• Hot water tank is owned and new
• Breaker panel
• Partially finished basement
• C zoning
• Some waterproofing may be required in the basement

Renovations Needed

• Full cosmetic renovation

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

• Wholesale Price: $389,999 or Best Offer
• We believe that this property is worth $415,000 to $430,000 as-is on the MLS
• We believe that after a full cosmetic renovation this property should be worth $550,000 to $575,000 on the MLS
• Purchase today for $30K BELOW MARKET VALUE

Comparable Analysis

• 338 Tragina Ave N sold in February 2021 for $451,000. It is a detached bungalow with 2 bedrooms, 1 bathroom, no garage and no parking. It sits on a 25 ft by 100 ft lot, is approx 700 sqft and is completely unrenovated inside. We believe that the subject property would sell around this comparable value as is on the MLS.
• 260 Tragina Ave N sold 6 days ago for $415,000. It is a detached bungalow with 2 bedrooms, 2 bathrooms, no garage and no parking. It sits on a 25 ft by 100 ft lot, is approx 700 sqft and is completely unrenovated inside like the subject. We believe that the subject property would sell around this comparable value as is on the MLS.
• 81 Normanhurst ave sold 21 days ago for $555,000. It is a detached bungalow with 2 bedrooms, 1 bathroom, no garage, driveway parking and a crawl space basement. It sits on a 40 ft by 92 ft lot, is approx 700-1100 sqft and is moderately renovated inside. After a full cosmetic renovation of the subject property (including the basement) we believe that it should sell close to this comparable on the MLS.