Who’s looking for a profitable property?
This property is part way through a conversion into 2 units. Enter through the front door into a communal space where there is a separate door for both the main and 2nd floor. Main floor is almost complete!
Big ticket items all in good shape. Low buy price and low scope of work make this one an easy project. Finish as 2 units, or convert back to single family layout.
This highly walkable neighbourhood near the Ottawa Street corridor is close to restaurants and shopping. Proximity to an elementary school and a park will help drive buyer demand and value.
How can you profit?
1) Landlords – Buy vacant and pick your tenants. Income from the main floor can offset costs while you finish the upper unit. Estimated combined rent: $2,800-$3,300/month ($1,600-$1,800 main + $1,200-$1,500 2nd floor).
2) BRRRR / House Hackers – Move in ready, finish the upper unit to offset your housing costs. Low buy price of $299k, in exchange for a little elbow grease!
3) Quick Flip – Half the work is already done. Finish the interior and sell into a market where duplexes / in-law suite properties fetch premium ARV!!
SUMMARY:
– LOCATION: Hamilton, ON (Cannon St E & Gage Ave N)
– PURCHASE PRICE: $299,900 Or Best Offer
– AFTER REPAIR VALUE: $500,000
– CLOSING: March 25, 2026 (There is some flexibility here. This is an assignment sale.)
– TYPE: Detached, 1.25 story
– BEDS/BATHS: Main floor unit, 1 bed 1 bath (mostly complete). Upper unit 1 bed 1 bath (work in progress)
– PARKING: 1 space in driveway
– BASEMENT: Unfinished (approx 6 foot ceiling height noted)
– SQFT: 935
– LOT: 25’ x 102’
– AGE: 1911
– PROPERTY TAX: $2,275 (2025)
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Complete 2nd floor unit, drywall, bathroom etc.
– General finishing and touch-ups to complete the main level.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– 2-unit conversion already in progress, laundry is central and accessible by both units.
– Big ticket items are in good shape! Roof ~2 yrs, windows ~7 yrs, furnace and AC ~10 yrs
– Unfinished basement for storage and utility space, or finish it for value add living space!
– Highly walkable pocket near Ottawa Street (shops and daily amenities nearby), and across the road from a school / park.
LISTING ID: 0226-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 & Tobias King
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Get notified of only the deals you are interested in by telling us your areas of interest. We notify you by email based on the geography you want. PUSH HERE to get the deals you want.
PS. Email us today for your info package. Who wants to make money on this one?