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Rosslyn Avenue S, Hamilton, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: June 20th, 2025
Post-Closing Occupancy Option:
***The seller may remain in the property rent-free until July 15, 2025, provided they obtain tenant insurance satisfactory to the buyer. The seller must provide written notice on the closing date to exercise this option.
A holdback of $50,000 will be retained from the purchase price and released upon the seller’s vacating the property. Should the seller remain beyond July 15, 2025, a charge of $1,000 per day will be deducted from this holdback.***
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
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Renovate bathrooms and modernize interiors with a full cosmetic update, including new paint, lighting, fixtures, and finishes.
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Replace basement flooring with durable, moisture-resistant materials.
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Enhance backyard landscaping to improve outdoor appeal, including lawn care, planting, and patio restoration.
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Upgrade windows and install an air conditioning system to improve energy efficiency, comfort, and marketability.
Property Details
- Detached 2.5 Storey
- 5 bedrooms above grade
- 1 bedroom currently repurposed as a laundry room (recommendation is to convert back to bedroom)
- 3 full bathrooms
- Bathroom in basement, on main floor and ensuite in loft master bedroom
- 2,122 sqft above ground
- 888 sqft below ground
- 1 car garage
- Basement is finished
- Separate entrance into basement.
- Ceiling height is 5’10” under bulkhead and 6’8″ ceiling height elsewhere
- Basement flooring is starting to lift
- Electrical breakers with copper wiring
- Built in 1915
- Boiler is owned
- 20 years old as per seller, working well
- Radiators throughout the house
- Gas fireplace stove heating in the upper extension
- No A/C
- Hot Water Tank is owned
- Roof redone in 2020 and in good condition as per seller
- Windows are dated, seller unsure of their age
- Fridge, stove, dishwasher, washer, dryer included in as is condition
- 40.08ft x 100.13ft lot
- Property taxes are about $4,640
- The seller has the option to leave junk behind so we would recommend budgeting for junk removal
- Some water spots on the ceiling due to previous leaks which have since been repaired
- R1a zoning
About the Neighbourhood
- 10 minutes from HWY 403
- 12 minutes from QEW
- 5 minutes from Hamilton GO Centre
- 12 minutes from McMaster University
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix&Flip or rental opportunity.
- Wholesale Price: $674,999 or Best Offer
- We believe that this property is worth $750,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $950,000 on the MLS.
- Purchase today for $75K BELOW MARKET VALUE
Comparable Analysis |
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- 969 Montclair Ave sold for $852,000 in April 2025 after 4 days on the market!! This property sits on a similar 40ft x 100ft lot and is approximately 2265sqft! The comparable has a 2 car detached garage and presents itself much nicer than the subject property thus why although its interior is dated it still boasted a price in the mid 800s! The comparable is livable however would need a renovation to achieve its full potential. After a full renovation this comparable would easily sell above $1,000,000! After market adjustments, and considering our property is in need of a full renovation as well, we believe the subject property is worth $750,000 in AS IS condition.
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- 110 Balmoral Ave S Sold for $835,000 in March 2025, after just 2 days on the market. This comparable property is situated on a nearly identical 40 ft by 100 ft lot and features a similar footprint of approximately 2,400 square feet, according to the listing. The property has a 4-bedroom, 2-bathroom layout, providing one fewer bedroom and one fewer bathroom compared to the subject property. It also includes a one-car garage, similar to the subject property. Cosmetically, the comparable is dated but well maintained. The property has undergone some updates, including in the kitchen and bathroom; however, it does not represent a true after-repair value (ARV). Taking these differences into account and considering the as-is condition of the subject property, we estimate its market value to be approximately $750,000.
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- 60 Kensington Ave S Sold for $1,060,000 in February 2025, after only 1 day on the market. This 2.5-storey detached comparable sits on a nearly identical 40 ft by 100 ft lot and features a similar footprint of approximately 2,217 square feet, according to the listing. The comparable property has a 4+2-bedroom, 4-bathroom layout and does not include a garage. Unlike the subject property, this comparable has been thoroughly renovated throughout. However the comparable did sell in a better market in February, where the market was 3-4% higher than today. We believe that after the recommended renovations are completed and appropriate adjustments are made, the subject property would sell for around $950,000 on the MLS.
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