Who’s looking for a profitable property?
ARV is hard to estimate on this one because it’s so much bigger than most of the comps in the area. There are Semi’s half the size selling for $500K+, but there are few recent sales of a similar size to this one. The last one in the area that was this large was March of last year, and it sold for $780K post renovation!
This semi is in Strathcona Hamilton, just steps away from Dundurn Castle grounds. It was previously 2 units and could easily be converted back. There’s already 2 kitchens, 2 hydro meters, 2 bathrooms, 2 living rooms, and a separate entrance still in place.
How can you profit?
1) Reno & Flip – This is a full renovation project, but it offers a strong $300K spread. This property is MUCH larger than most comps in the area. In fact, it’s over double the size of some of many semi’s in the area. Ask for more info and check out our comps for more!
2) Convert Back to 2 Units – The property already has 2 kitchens, 2 hydro meters, 2 bathrooms, 2 living rooms, and a separate entrance still in place! The current owner took down a wall to make it better suited for multi-generational single-family living but it could easily be converted back to 2-units. Estimated rents around $1,700-$2,000/month per unit after renovation. That puts total potential rent around $3,400-$4,000/month.
3) BRRRR / Hold as Rental – Buy well below market price, do some renovations, rent both potential units, then hold for long-term income. The most recent ARV comp (of a similar size) sold in early 2025 for $780K!! That gives you a huge upside when it’s time to refinance.
SUMMARY:
– LOCATION: Hamilton, ON (Dundurn St N & York Blvd)
– PURCHASE PRICE: $349,900 Or Best Offer
– AFTER REPAIR VALUE: $650,000+
– CLOSING: August 25, 2026 (There’s some flexibility here for the right buyer. This is an assignment sale.)
– TYPE: 1.5 Storey Semi Detached
– BEDS/BATHS: 4 beds/2 baths
– PARKING: 1 parking space in driveway plus street parking
– BASEMENT: Unfinished, mostly crawl space
– SQFT: 1,577
– LOT: 27’ x 70’
– AGE: 1880
– PROPERTY TAX: $3,200
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full renovation required throughout.
– Big ticket items may need attention but roof is only 3 years old.
– Easy conversion back to 2 units if desired.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Large $300K+ spread between purchase price and ARV.
– Separate entrance still in place, 2 kitchens, 2 hydro meters, 2 bathrooms, and 2 living rooms.
– Potential front and back 2-unit rental configuration.
– Roof recently replaced.
– One block from Dundurn Castle and grounds.
LISTING ID: 0526-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, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.