Who’s looking for a profitable property?
This one’s for experienced flippers who can handle a full renovation.
The house is a vacant 1,103 sqft detached that needs a full gut, including the roof, mechanicals, windows and interior finishes. Flip for a $550K ARV or take advantage of the excellent tenant pool of nurses, therapists and physicians provided by St. Peter’s Hospital next door!The long 25 x 151 lot, rear laneway parking and detached garage create a practical starting point to explore a detached ADU or laneway suite (buyer to verify).
How can you profit?
1. Full Renovation Flip – Buy for $199K, complete a full renovation, and target the $550K ARV. That is a $350K gross spread. The home requires a full rehab, but the entry price gives experienced flippers a clear margin to work with.
2. BRRRR / Multi-Unit Conversion – Some area landlords have converted these single family homes into two-flat duplexes or triplexes with 2-bed units renting for $1,850-$1,950/month, 1-bed units for $1,550-$1,600/month and basement units for as much as $1,500/month – that’s potentially $4,900-$5,050 in combined monthly rental income!
3. Future Detached ADU / Laneway Suite – The 151-foot lot, rear lane access and detached garage make a future detached unit worth investigating. Buyer to verify zoning, setbacks, and servicing requirements.
4. Realtors Bring your Clients – don’t let your flipper and landlord clients miss out on this one – 2.5% Co-Op included at $205K!
SUMMARY:
- LOCATION: Hamilton, ON (SW of Main St E & Gage Ave S)
- PURCHASE PRICE: $205,000 (includes 2.5%+HST Co-Op)
- DIRECT BUYER DISCOUNT: $199,000 Or Best Offer
- AFTER REPAIR VALUE: $550,000
- CLOSING: September 8, 2026, with the option to advance as early as August 18, 2026. (This is an assignment sale.)
- TYPE: 2 Storey Detached
- BEDS/BATHS: 3 beds / 1.5 baths
- PARKING: 1-car detached garage, 1-car parking pad
- BASEMENT: Unfinished, approx. 6’5 ceiling height
- SQFT: 1,103
- LOT: 25′ x 151′ with rear laneway access.
- AGE: 1920
- PROPERTY TAX: $2,997 (2026)
- POSSESSION: Vacant
RENOVATIONS NEEDED:
- Full gut renovation required throughout – kitchen, bathrooms, flooring and walls.
- Roof actively leaking, requires replacement.
- Furnace, AC and Windows (approx. 1990s), likely require replacement.
- Moisture and mould remediation required.
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
- 151-foot-deep lot with rear laneway access
- Detached garage and rear parking pad already in place
- Steps from St. Peter’s Hospital and near the planned Hamilton LRT corridor
- Vacant possession with closing flexibility as early as August 18, 2026
LISTING ID: 0826-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, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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