Here’s your chance to own a detached bungalow with an in-law suite in Hamilton’s coveted Sherwood Heights neighborhood, with over $300K in spread between buy price and ARV! This property offers excellent income potential in a high-demand area known for its quiet, family-friendly atmosphere, tree-lined streets, and proximity to parks and top schools. Conveniently close to shopping, public transit, and major routes like the Red Hill Valley Parkway, this home is perfect for an investor looking to maximize ROI in one of Hamilton’s best east-end locations. Don’t let this opportunity slip away!
How can you profit?
1) BRRRR/2 Unit Conversion. Update cosmetically and turn it into a beautiful rental property! Renovated 3 bed main floors fetch approx. $2600k/month plus utilities. 1 Bedroom basements rent around $1700/month. Bring in $4300/month plus utilities!
2) Fix & Flip. Buy for $499k, renovate and sell around $830k.
3) House Hack. Live in one unit and rent the other! Let tenants help you with your mortgage.
SUMMARY:
– LOCATION: Hamilton, ON (Mountain Brow Blvd & Fennell Ave)
– PURCHASE PRICE: $499,900 Or Best Offer
– AFTER REPAIR VALUE: Around $830k
– CLOSING: December 10, 2024 (Sooner is possible too. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 3+1 Beds / 1+1 Baths
– PARKING: 1 Car Garage Plus 2-3 Driveway Spaces
– BASEMENT: 1 bedroom apartment (not legal)
– SQFT: 1148
– LOT: 53’ x 124’
– AGE: 1967
– PROPERTY TAX: Approx $2400/year
RENOVATIONS NEEDED:
– Cosmetic updates needed throughout! Budget for new kitchens, baths, flooring, paint, etc.
– Windows are original.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– The MEGA $300k+ Spread
LISTING ID: 1024-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
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.