Flip, BRRRR or House Hack. Hamilton Mountain Bungalow On Corner Lot with Basement Apartment. Assigned

  • $519,900
  • 4 beds
  • 2 baths
  • 713 sqft
Who’s looking for a profitable property?

Great flip or conversion opportunity in highly desired Inch Park on Hamilton Mountain. Corner lot with small yard for your future tenants to maintain. Numerous comps indicate a strong ARV in the $650k-$700k range for your flip or refi. Close to all amenities, transit, and Sam Lawrence Park.

How can you profit?
1) Fix & Flip: Buy for $519k, renovate, and flip in the $650k-$700k range. The apartment in the basement will likely fetch you a price in the higher end of that range!
2) BRRRR/2 Unit Conversion: The basement has a 2 bed/1 bath apartment with separate entrance (not yet legal). Renovate cosmetically and legalize it to maximize your refi. Market rents are around $2200-2400/month for 2 bed uppers and $1600-1900/month for 2 bed lowers (depending on finishes.) Gross approx. $3800-4300/month!
3) House Hack: Live in one unit, rent the other. Let your tenants pay your mortgage!

– LOCATION: Hamilton, ON (Inch Park on Hamilton Mountain. Upper Wellington St & Queensdale Ave)
– PURCHASE PRICE: $519,900 Or Best Offer
– AFTER REPAIR VALUE: $650k-$700k
– CLOSING: January 4, 2024  (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2+2 Beds/1+1 Bath
– PARKING: 3 Driveway Spaces (side-by-side, good for tenants)
BASEMENT: 2 Bed/1 Bath Apartment (Not Yet Legal). Owner occupied. Will be vacant on possession.
– SQFT: 713
– LOT: 41’ x 81’
– AGE: 1946
– PROPERTY TAX: $3276.54 in 2023

– Cosmetic renos to kitchens, baths, flooring, paint etc.
– Complete legal conversion if desired.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.

Great location on Hamilton Mountain!
– Roof, windows, furnace, A/C are all around 10 years old and in decent shape.

Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Deb Weir, Aaron Moore & Tomomi Wang
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors


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Hamilton, ON
Square Feet:
Lot Size:
41’ x 81’
Assignment of Contract
Property Type:
Year Built:
Const. Type:
Detached Bungalow

Call (647) 557-5979 for more details