Who’s looking for a profitable property?
This 1,488sf Hamilton bungalow is twice the size of many of the surrounding homes, sits on a 120’ lot and is built around investor fundamentals. The basement previously contained a full apartment and still has the bathroom rough-in and plumbing in place. Alley access to rear parking makes multi-unit parking feasible – combine that with a 120’ lot, and a garden suite triplex could make this a cash cow! (Buyer to verify). This is a full renovation project including remediating a potential leak in the basement, but with $300K in spread and up to $3.5K in potential monthly rental income, experienced investors can take it all the way to the bank!
How can you profit?
1. Full Renovation Flip – Buy at $199K, give it a full overhaul, and resell $500K+! A comp less than HALF the size of this property sold right next door for $420K, and a nearby comp 60% of the size sold for $551K!
2. Multi-Unit Conversion – Buy for $199K, convert the basement back into a separate unit, and start collecting up to $3,545 combined monthly rental income (main floor units renting at $1,800-$2,050/month and basement units between $1,350-$1,495/month). With a 120’ lot and alley access to the rear, a garden suite is worth investigating to make this a cash cow triplex! (Buyer to verify zoning and permitting)
3. Realtors, Bring Your Investor Clients – Don’t let your flipper and multi-unit investors miss out on this one – includes 3% Co-Op at $206K!
SUMMARY:
– LOCATION: Hamilton, ON (SW of Kenilworth Ave N & Nikola Tesla Blvd)
– PURCHASE PRICE: $206,000 (Includes 3%+HST Co-Op)
– DISCOUNTED DIRECT BUYER PRICE: $199,000 Or Best Offer
– AFTER REPAIR VALUE: $500,000+
– CLOSING: November 30, 2026 (This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+2 beds / 2 baths (+1 existing basement bath rough ins)
– PARKING: Alley access to rear parking
– BASEMENT: Previously contained a legal apartment, now stripped. Ceiling height approximately 6’4″. Bathroom rough-in and plumbing present.
– SQFT: 1,488
– LOT: 25′ x 120′
– AGE: 1915
– PROPERTY TAX: $1,931 (2025)
– POSSESSION: VACANT on closing
– POTENTIAL RENT: $3.1K-$3.5K/month (two-unit conversion)
RENOVATIONS NEEDED:
– Full renovation of mainfloor, including kitchen, bathroom, flooring and fixtures
– Potential plumbing repairs, signs of leak in basement, sewage smell noted
– Potential pest control required, signs of rodents noted at property
– Ceiling height in basement (approx. 6’4″)
– Repair water damage from previous roof leak (leak repaired)
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
GOOD NEWS:
– 1,488 sqft plus basement – more than 2x the size of the comp next door!
– Long 25’ x 120’ lot, garden suite potential for triplex (buyer to verify)
– Bathroom rough-in and plumbing already in place from prior basement apartment
– Alley access for rear parking
– Newer furnace (a few years old)
– Roof and AC approx. 10 years old
LISTING ID: 0926-HAM-F02
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
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.