Detached 2.5 Storey in Hamilton! Assigned

  • $549,999
  • 4 beds
  • 2 baths

Detached 2.5 Storey in Hamilton!

Fix & Flip or BRRR Opportunity

$50K BELOW Market Value!

Kensington Avenue N

Kensington Ave North, Hamilton, Ontario

Offer Date: Monday, October 24, 2022
Closing Date: November 31st, 2022 (closing date is flexible)

About the Property

Check out this detached 2.5 storey in need of a full cosmetic renovation to bring it back to life! The property is located in Hamilton and consists of 4 bedrooms and 2 bathrooms. Drawings have been submitted to the city to convert this property into a legal duplex and an investor can easily add a third illegal unit in the basement after completion. Furthermore, the application process is underway to add a coach house in the back. This house is perfect for an investor looking to add a 4-unit property to their portfolio!

About the Neighbourhood 

The subject property is situated in the Crown Point West neighbourhood of Hamilton. The property is close to countless amenities such as Shoppers Drug Mart, Tim Hortons, St Peters Hospital, Hamilton Mall and countless restaurants. The property is less than a 10 minute drive to Hamilton GO Centre, with connecting routes to Burlington, Mississauga, Toronto and Niagara Falls. The property is 10 minutes away from Highway 403, connecting Hamilton to major highways across the GTA.

Property Details

  • Detached 2.5 storey
  • 4 bedrooms
  • 2 bathrooms
  • 1651 sqft above grade
  • 734 sqft below grade
  • Unfinished basement
  • 2 Separate entrances
    • 1 Separate entrance going into the basement
    • 1 Separate entrance in the back leads to the upstairs unit
  • Property taxes are about $3026
  • No A/C
  • The HWT is a rental
  • Furnace is owned but needs to be replaced
  • Steel roof done in 2016
  • Some windows may need to be replaced
  • Driveway for 1 parking spot in front of house
  • Breaker Panel, copper wiring
  • Built in 1920
  • 30ft x 100ft
  • D Zoning
    • Property is within the Parking Exemption Zone which permits the use of a legal duplex + coach house without each unit requiring a designated parking spot

Recommended Renovations

  • Full Cosmetic Renovation
  • Convert to legal duplex and add coach house
  • Consider adding a third unit in the basement after completion
  • Property will be cleaned prior to closing
Pictures, Stamped Drawings, HVAC Design & More
The Numbers

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

  • Wholesale Price: $549,999 or Best Offer
  • We believe that this property is worth $600,000 as-is on the MLS
  • We believe that after a full renovation to convert this property to a legal duplex with a 3rd illegal unit, this property should be worth at least $925,000 on the MLS
  • Purchase today for $50K BELOW MARKET VALUE!!

Comparable Analysis

  • 20 Province Street sold for $635,000 26 days ago.. This comparable is a 2.5 storey with 3 bedrooms, 2 bathrooms and is slightly smaller in size than the subject property. The comparable sits on a similar lot to the subject and has 1 parking spot. The comparable is completely outdated inside but in livable condition. Therefore, after adjusting for the condition of this comparable and the drawings to convert the subject property to a duplex we believe the subject property should sell for at least $600,000 on the MLS.
  • 143 Young Street sold for $970,000 in August 2022. This comparable is a legal triplex with 2 fully renovated units and one unfinished unit that needs to be renovated. This comparable sits on a smaller lot than the subject, is similar in size and includes 2 parking spots. Therefore, we believe after adjustments the subject property should sell for at least $925,000 on the MLS
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Need Financing?
Looking for a construction cost estimate?

SLG Capital will manage the construction of this project from start to finish. If you’re looking for an estimate please email

If You’re Interested….

Email us at or call Sal at 647-492-6380. Sal can answer any questions you have and set up a time to view the property.


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