| Glennie Avenue, Hamilton, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: November 3rd, 2023
The Buyer acknowledges there is a current lease on the property and they have the option to retain the current lease on the property at $2500/month (not including utilities) or have the property vacant on closing. The Buyer must notify the Seller whether they want the property vacant within 3 days of waiving all conditions noted in the Schedule A. a. if the Buyer is to assume the lease above, the Seller will provide the tenant acknowledgement upon closing, and direction to the tenants to pay rent due on or after the closing date to the Buyer.
** Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Looking for your next fix and flip or rental property in Hamilton? Checkout this detached 2 storey house that consists of 3 bedrooms, 3 bathrooms and is a total of 2388 sqft. This property is in need of a cosmetic renovation and the seller is willing to issue an N11 or you can inherit the tenant that is currently paying $2500. The basement is unfinished and there is no separate entrance. This structurally sound property is perfect for an investor looking for a fix and flip or rental for their portfolio!
About the Neighbourhood
This property is located in the Normanhurst area of Hamilton. Hamilton is very popular for investors looking for rental properties as local employment and accessible transit makes it one of Ontario’s big metro areas! The Hamilton GO Centre is located about 15 minutes away from the subject property with trains extending east to Toronto and west to Niagara. Hamilton is also very accessible by bus, as the HSR is consistently a reliable option for locals. Also, Hamilton is very easy to travel to and from, with the QEW and Highway 403 connecting it to all other major Southern Ontario cities.
Property Details
- 2 Storey Detached House
- 3 bedrooms
- 3 bathrooms
- 2 full bathrooms
- 1 half bathroom
- 1624 sqft above grade
- 764 sqft below grade
- Built in 2003
- Breaker panel, copper wiring
- Basement unfinished
- Ceiling height approximately 8-9ft
- No separate entrance
- Furnace is new and less than 5 years old
- Tankless HWT is a rental, seller unsure of age
- A/C is owned, seller unsure of age
- Appliances are included in the sale
- Roof redone about 5-10 years
- Windows original but in good condition
- Property taxes are $4445
- Lot size is 32ft x 106ft
- Zoning R1
Recommended Renovations
- Cosmetic renovation
- Consider finishing the basement
- Clean up driveway and some landscaping
- The seller has the option to leave junk behind so we would recommend budgeting for junk removal
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