Who’s looking for a profitable Distressed Properties for Sale Hamilton?
Attention Handymen! This 2.5 story in the heart of Hamilton, has a clear $200k+ spread, unfinished living space upstairs, and an opportunity for a second unit.
Here’s the deal: buy at $299,900 Or Best Offer and the after repair value is easily $500,000. There are condos and town homes seller higher than this! This home needs a full renovation, but it is built around investor fundamentals. There’s a separate side entrance to a finished basement that already has a rec room, laundry, and a full bathroom (easy conversion). The attic space is partially finished, allowing you to rework the third floor for maximum value.
How can you profit?
1) Full Renovation Flip – With at least a 200k spread and a low purchase price this could be your next (or first) flip! At just 1200 sqft, this home is the perfect size for an efficient, yet profitable flip.
2) Add a Basement Unit – The separate side entrance is already there, and the basement already has a full bathroom and laundry. A 2nd unit would significantly increase your income potential. Estimated rents once renovated are $2,000-$2,500/month for the main level plus and extra $1,500-$1,800/month for the basement.
3) BRRRR / Buy and Hold – Massive opportunity to add value through renovations! Finish the attic for extra living space, turn the basement into a separate unit, cosmetic upgrades, the list goes on. Then refinance, rent repeat!
SUMMARY:
– LOCATION: Hamilton, ON (Barton St E & Sherman Ave N)
– PURCHASE PRICE: $299,900 Or Best Offer
– AFTER REPAIR VALUE: $500,000+
– CLOSING: March 5, 2026 (Seller wants to close fast but can be flexible. This is an assignment sale.)
– TYPE: 2.5-storey Single Family Detached
– BEDS/BATHS: 3 beds, 2 full bath
– PARKING: Shared driveway, park at the rear of the house
– BASEMENT: Finished basement with separate side entrance and full bathroom
– SQFT: 1,218
– LOT: 25’ x 100’
– AGE: 1920
– PROPERTY TAX: $2,848
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full renovation throughout (kitchen, baths, flooring, paint, fixtures, general update)
– Roof and windows need replacement
– Electrical updating required
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Detached freehold under $300K. (Affordable entry for flippers!)
– $500,000+ ARV
– Separate side entrance to basement (possible 2 unit conversion!)
– Finished basement already has full bathroom and laundry
– 2.5-storey layout. Finish the attic space for additional bedroom(s) / living space
– Fast and flexible closing (early March)
– Steps from Hamilton Wildcats Studium!
LISTING ID: 0126-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, Tomomi Wang, Josea Dussard, Sarah Budden & Tobias King
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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