Hamilton Assigned

By August 10, 2021
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $80,000 BELOW Market Value!
Closing Date: December 2, 2021

**Due to COVID-19 restrictions sight unseen offers are preferred.**

Franklin Road, Hamilton, ON

Detached Backsplit located in the Burkholme area of Hamilton Mountain. The subject property contains 3 bedrooms, 1.5 bathrooms, a partially finished basement and is approximately 1326 sqft. The property is situated in the Hamilton Mountain near schools, restaurants, shops and Andrew Sackville Hill park. This property has been well maintained with various cosmetic updates over the past 5 years. In addition all major items (roof, windows, furnace, electrical and AC) were updated in 2016. The subject property is suitable for a beginner or experienced investor who is looking to take on a fix & flip or wholetail opportunity.

Property Features

• Detached backsplit
• 1,302 sqft above grade
• 655 sqft basement partially finished
• Walkout doors from lower level
• 44 ft Frontage x 100 ft Depth
• Breaker panel, copper wiring
• Furnace and AC 5 years old (owned)
• Roof 2016
• Windows 2016
• Built in 1981
• D/S-432 Zoning
• Kitchen countertop/backsplash and upstairs flooring redone in 2016
• Concrete driveway

Renovations Needed

• Potential to paint, upgrade kitchen appliances and resell
• Also potential to do more extensive cosmetic renovation

We are selling our assignable purchase contract for this excellent Fix & Flip or Wholetail opportunity.

• Wholesale Price: $649,999 or Best Offer
• We believe that this property is worth $730,000 as-is on the MLS
• We believe that after a cosmetic renovation this property should be worth $800,000 as a single family on the MLS
• Purchase today for $80K BELOW MARKET VALUE

Comparable Analysis

• 106 Garden Cres sold in March 2021 for $732,900. It is a detached backsplit with 3+1 bedrooms, 2 bathrooms, and approximately 1100 – 1500 sqft. The inside finishes were upgraded about 10-15 years ago and it looks well maintained. It sits on a 34 ft x 100 ft lot, has no garage and a partially finished basement. We believe that the subject property would sell close to this comparable in its current condition on the MLS.
• 150 Garden Cres sold in February 2021 for $750,000. It is a detached backsplit with 3+2 bedrooms, 2 bathrooms, and approximately 1100 – 1500 sqft. The inside looks well maintained but very outdated. It sits on a 34 ft x 100 ft lot, has no garage and a partially finished basement. We believe that the subject property would sell close to this comparable after a few minor touchups on the MLS.
• 407 East 23rd St sold in July 2021 for $786,500. It is a detached backsplit with 3+1 bedrooms and 1.5 bathrooms. It is approximately 1100-1500 sqft, sits on a 28 ft x 140 ft lot with the main floor and upstairs fully renovated (basement unrenovated). We believe given the superior lot frontage, relatively new roof, windows, furnance, AC and after a cosmetic renovation, the subject property should sell for approximately $800,000 on the MLS.