| Dickenson Road West, Hamilton
Offer Date: FIRST COME FIRST SERVE
Closing Date: November 14th, 2025
**The Seller agrees to take back a first charge/mortgage (the “VTB mortgage”) in the amount of Six Hundred Fifty Thousand ($650,000) bearing an interest rate of 4% per annum for 2 years, interest only payments of $2166.67 per month, starting 30 days following the completion date with a 2 month interest bonus if repaid before maturity. Mortgage to be guaranteed with the name of the guarantor provided at the time that all conditions are waived and this transaction becomes firm and binding.**
*Realtors bring us a client and add your commission on top of the purchase price*
Strategies For Success
- Full Home Renovation and Flip – Complete a comprehensive renovation of the existing home to modernize finishes, improve functionality, and significantly increase resale value.
- Duplex Potential – Take advantage of the separate rear entrance, which allows for a potential two-unit configuration. This flexibility provides an excellent opportunity to retain the property as a long-term rental investment with multiple income streams.
- Capitalize on the VTB – Capitalize on the VTB financing available to minimize upfront capital, enhance cash flow flexibility, and maximize return on investment.
- Explore Land Severance and Sale – Explore the potential to sever the lot and sell the newly created parcel separately.
Property Overview
Property Details:
- Detached Bungalow
- 3 bedroom
- 1 bathroom
- 1171 sqft above grade & 933 sqft below grade
- Basement is unfinished
- Ceiling height is between 7-8′ throughout
- Separate basement entrance from back of house
- 1 car attached garage
- Built in 1956
- Brick Exterior
- Septic tank was cleaned and inspected 3 years ago as per Seller (Buyer to verify)
- On well water
- There was a previous leak in the sunroom that has since been repaired; however, the insulation and ceiling remain in need of restoration.
Mechanical & Exterior
- Electrical: Breaker panel with copper wiring, 100amp service
- Furnace: Rental, 10 years old (as per Seller)
- A/C: Rental, 10 years old (as per Seller)
- HWT: Rental, 10 years old (as per Seller)
- Appliances included: stove in AS IS condition
- Roof redone in 2025
- Fascia and eavestroughs in poor condition
- Windows are dated and need to be update
Lot & Location
- 150 ft x 660 ft lot (2.6 acres)
- Property taxes are approx. $5,881
- 10-minute drive to HWY 403
- 25-minute drive to QEW
Important Notes
- Budget for Junk Removal – seller has the option to leave junk behind
- There is a strong pet odour throughout the house
|
|
| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip or rental opportunity.
- Wholesale Price: $784,999 or Best Offer
- We believe that this property is worth $850,000 as-is on the MLS
- We believe that after the recommended renovations are completed, this property should be worth at least $1,000,000 on the MLS.
- Purchase today for $65K BELOW MARKET VALUE
Comparable Analysis |
|
 |
- 9360 Dickenson Road West sold for $840,000 in August this year. This comparable has a 3+1 bedroom, 1 bath layout with a 1.5 car attached garage. As per the listing, the comparable is slightly larger at 1606 sqft, however the lot is much shallower than the subject’s at only 149 ft x 200 ft. The comparable has an unfinished basement and is heated by natural gas and radiant heat, compared to the subject’s HVAC system. The comparable was sold in as-is condition, similar to the subject, and would require a full cosmetic renovation. After making the necessary adjustments, we estimate that the subject property could sell for at least $850,000 in as-is condition on the MLS today.
|
|
 |
- 9840 Dickenson Road West sold for $675,000 just 18 days ago. This comparable has a 3+1 bedroom, 2 bath layout with no garage. As per the listing, the comparable is similar in size at 1142 sqft, however the lot is much smaller than the subject’s at only 77 ft x 200 ft. This comparable has a partially finished basement with a separate entrance. The comparable was sold in as-is condition, similar to the subject, and would require a full cosmetic renovation. After making the necessary adjustments, we estimate that the subject property could sell for at least $850,000 in as-is condition on the MLS today.
|
|
 |
- 1691 Glancaster Road sold for $1,100,000 in June 2025. This comparable has a 3+2 bedroom, 2 bath layout with a 1.5 car attached garage. As per the listing, the comparable is similar in size at 1100-1500 sqft, however the lot has more frontage and less depth than the subject’s at 400 ft x 155 ft. Overall, this comparable sits on a much smaller lot at approximately 1.4 acres compared to the subject properties approximate 2.6 acres. This comparable has a finished basement with a walk out and has been cosmetically renovated throughout. After making the appropriate adjustments and completing the recommended renovations, we estimate the subject property would sell for approximately $1,000,000 on the MLS.
|
|
|
|
