Keith Street, Hamilton, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: May 24, 2024
**Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Checkout SLGs newest deal in Hamilton at a great price! This detached 2 storey house consists of 4 bedrooms and 1 bathroom. The property requires a full cosmetic renovation along with some work in the basement as it is old and has some water seeping through. There is no separate entrance to the basement but it is a full basement. We would recommend updating the wiring as there is some aluminum. The front porch requires some work as one of the steps has a crack on it. The property is perfect for an investor looking for their next fix and flip for an incredible price! Call today!
Property Details
- Detached 2 Storey House
- 4 bedrooms
- MPAC classifies it as a 3 bedroom with a small upstairs den
- All bedrooms are on the top floor
- 1 bathroom
- No parking
- Appliances are included in the sale
- 1304 sqft above grade
- 531 sqft below grade
- Property taxes are about $2163
- Back extension had a fire last summer
- Small portion of sunroom back wall needs siding and drywall. Luckily fire did not affect rest of the house
- Electrical panel, copper/aluminum wiring
- Built in 1910
- Furnaces was purchased in 2005, as per seller
- No A/C
- HWT was purchased about 20 years ago
- Roof was redone in 2020
- Some windows need to be replaced, seller unsure of age
- Lot size is 20 ft x 93ft
- C2 zoning
Recommended Renovations
- Full cosmetic renovation
- Fix the steps out front
- Update some windows
- Consider adding central A/C
- Waterproofing/parging in basement
- The seller has the option to leave junk behind so we would recommend budgeting for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.
- Wholesale Price: $324,999
- We believe that this property is worth $400,000 on the MLS
- We believe that after the above renovation recommendations are completed, this property should be worth at least $525,000 on the MLS.
- Purchase today for $75K BELOW MARKET VALUE
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