Who’s looking for a profitable property?
Calling all experienced flippers and landlords who know how to handle tenanted possession – you get paid in direct proportion to the problems you solve. You’ll be handling a non-paying tenant (a seller family member, not a “professional squatter”), and in return, you’re buying a detached Hamilton house in decent condition, with multiple exit paths, for the price of a condo! Wholesale it, run a full cosmetic rehab, or buy and hold to bank $100K+ in equity. This isn’t a clean vacant flip – the discount is there for a reason – but the furnace, roof, and windows all appear to be in decent shape, keeping the big-ticket risk manageable. For the right buyer, the upside is real!
How can you profit?
1) Full Cosmetic Flip – Buy for $249K, do a full cosmetic refresh, and resell upward of $500K+ – check out the comp that sold for $625K! For those who can overcome tenanted possession, there is over $250K in spread to make the margins on a full cosmetic flip well worth it.
2) Wholetail Flip – No need to do a full renovation to make money on this one – reduce your budget, timeline with a lipstick renovation! Buy at $249K, remove junk, clean, paint, touch up and sell into a market with clean retail homes selling for $420K-$445K. That’s $175K+ in spread without having to do any demo.
3) Buy & Hold With Equity / BRRRR – Once possession is handled, the home is close to rent ready, with lots of life left in many mechanicals and estimated rental income of $2,500-$2,700/month. With homes in worse condition selling for $350K, consider refinancing to pull out more than you purchased it for!
4) Realtors: Bring Your Investor Clients – Bring your experienced investors to take advantage of an opportunity that will scare off the rookies – they will thank you! End-users will have the easiest time removing the tenants, and because the home doesn’t require extensive renovation to be move-in ready, this could be a good fit for your deal-hunting end user clients as well! 2.5% Co-Op included at $257K!
SUMMARY:
– LOCATION: Hamilton, ON (King Street E & Sherman Ave N)
– PURCHASE PRICE: $257,000 (includes 2.5% Co-Op for realtors)
– DIRECT BUYER DISCOUNT: $249,000 Or Best Offer
– WHOLETAIL VALUE: $420,000+ (Clean, paint, touch up and list)
– AFTER REPAIR VALUE: $500,000+ (Full cosmetic rehab)
– CLOSING: July 29, 2026 (This is an assignment sale.)
– TYPE: 2 Storey Detached
– BEDS/BATHS: 4 beds/1.5 baths
– PARKING: Street permitted parking
– BASEMENT: Unfinished
– SQFT: 1,208
– LOT: 23’ x 100’
– AGE: 1905
– PROPERTY TAX: TBD
– POSSESSION: Tenanted possession. Buyer should be experienced with tenant matters.
RENOVATIONS NEEDED:
– Clean up, paint and flooring throughout.
– Smoke smell remediation may be needed (try ozone machine rental).
– Full-rehab strategy: cosmetic refresh of kitchen and bathrooms, add AC.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Detached Hamilton house priced below many condo options
– Roof approx. 5 years old
– Furnace approx. 8 years old
– Nice backyard with possible front parking potential, buyer to verify
LISTING ID: 0626-HAM-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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