This one’s for experienced flippers who can handle a full renovation.
This Hamilton detached has a rear extension which significantly increases the sqft. With almost 1,600 sqft, it’s larger than almost all recent comps in the area! Smaller homes in this neighbourhood that are selling as high as $600K when fully renovated and in the mid-to-high $500K’s when partially renovated.
The home spans three storeys with 4 bedrooms and 3 bathrooms, so there’s lots of potential to work with. The finished basement already has a separate entrance, and full ceiling height, laying the foundation for an easy 2-unit conversion!
How can you profit?
1) Full Renovation Flip – Gut and modernize the house. There are few comparable homes of this size in this neighbourhood, but houses close to this size are generally selling in the mid $500K’s or higher! That gives investors over a $200k spread to work with, leaving solid margin for an experienced flipper.
2) BRRRR – Buy at $329K, renovate to modern standards, and rent out once stabilized. A fully renovated 4-bed detached in this area could rent in the $2,500-3,000/month range. Refinance off the improved value to pull your capital out, then hold for cash flow and long term appreciation!
3) Add a Basement Unit – The basement already has a separate entrance, two rooms, and full ceiling height. All it needs is a kitchen and bathroom. Once finished, it will generate an estimated rent of 1,400-1,600/month on top of main floor rent, bringing your total monthly rental income over $4,000.
SUMMARY:
– LOCATION: Hamilton, ON (Parkdale Ave S & Queenston Rd)
– PURCHASE PRICE: $329,900 Or Best Offer
– AFTER REPAIR VALUE: $550,000+
– CLOSING: November 24, 2026 (This is an assignment sale.)
– TYPE: Detached, 3-storey with addition
– BEDS/BATHS: 4 beds / 1 full and 2 half baths
– PARKING: No garage, gravel driveway, 1 car
– BASEMENT: Finished with separate entrance (easy 2 unit conversion)
– SQFT: 1,594
– LOT: 26′ x 92′
– AGE: 1941
– PROPERTY TAX: Not yet confirmed
– POSSESSION: Vacant
RENOVATIONS NEEDED:
– Full cosmetic update required throughout the house
– No central air conditioning, currently cooled with window units
– Roof needs immediate spot repair to address leak
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
LISTING ID: 1026-HAM-F01
GOOD NEWS:
– Most comps are smaller and selling in the high $500K’s creating a large spread
– Basement has a separate entrance already in place, and is full height; conversion-ready
– 4 bedrooms and 3 bathrooms spread across 3 storeys
– Roof has solar panels, off setting carrying costs
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
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