Who’s looking for a profitable property?
Here is your chance to secure a large, detached bungalow on more than an acre in one of Sinclairville/Binbrook’s quiet rural pockets near Short Rd and Sinclairville Rd. You are minutes to Binbrook, Caledonia, Cayuga, Haldimand County amenities, local shops, schools, parks, conservation areas, and a short drive to Hamilton, Stoney Creek, Ancaster and the Linc/Red Hill for stress-free commuting. Realtors, bring your rural buyers searching for space and a second unit –
there is a full 3% co-op available when you bring a serious buyer.
The property has serious appeal for landlords, multi-generational buyers and investors who want land, parking, updated mechanicals, and the flexibility of two existing units. With a finished basement, a second kitchen and laundry, full height ceilings, a 200-amp powered shed, and 20 car parking, this is a rare opportunity at a discounted price. The house was listed at $899K up until yesterday. Now it is vacant, priced at only $774,900 OBO with 3% for Realtors, and the seller just wants it gone. This is where buyers who can move quickly get rewarded.
How can you profit?
- BRRRR or Long-Term Rental Hold- With 2 kitchens, 2 laundry rooms, a separate basement unit, full height ceilings, and updated big-ticket mechanicals, this is an easy and predictable BRRRR play. Lease both units, refinance based on an ARV in the mid to high $800s, and hold long-term in a low-competition rural rental market. The property’s acreage, parking capacity, and strong layout make it desirable to tenants looking for quiet living with proximity to Hamilton and major routes.
- Rental Property or Multi-Generational Use- The existing basement suite with a second kitchen, second laundry, and full height ceilings makes this an ideal income-generating setup. Landlords can rent out both levels or live on one floor and rent the other. Multi-generational families will appreciate the independent living spaces, the amount of parking, and the flexibility of the layout.
- Move In With Equity (Realtors Earn 3%)- End users wanting land, privacy, a second unit, updated systems, and room to grow will see immediate value here. For less than nearby resale prices, buyers get more than an acre, a finished basement suite, parking for 20 vehicles, and a home that is already clean and turnkey. Realtors can earn a full 3% co-op when bringing a serious end user who wants rural living with modern updates.
SUMMARY:
- LOCATION: Sinclairville/Binbrook, ON (Short Rd & Sinclairville Rd)
- PURCHASE PRICE: $774,900 Or Best Offer (Make us an offer!)
- AFTER REPAIR VALUE: $875,000
- CLOSING: January 8, 2025 (This is an assignment sale.)
- TYPE: Detached Bungalow
- BEDS/BATHS: 4+1 beds/2.5+1 bath
- PARKING: 20 car parking
- BASEMENT: Finished (separate unit)
- SQFT: 1,734
- LOT: 165’ x 416’
- AGE: 1994
- PROPERTY TAX: $5300
- POSSESSION: VACANT
RENOVATIONS NEEDED:
- Light cosmetic touch ups only
- Some junk and furniture removal
- Please view the pictures and videos for ideas on what you’d like to customize
GOOD NEWS:
- Vacant and ready
- Two existing units with 2 kitchens and 2 laundry rooms
- Full height finished basement with separate entrance.
- Updated mechanicals: furnace and AC 11 months old, water tank 1 year old, windows 1 year old, roof 8 years old
- Over 1 acre with 20 car parking
- 200-amp power to the shed.
- Previously listed at $899K, now priced to move at $774,900 OBO with 3% for Realtors
- Turnkey condition with an easy BRRRR, rental, or move-in option.
LISTING ID: 1125-YOR-F02
Please let us know if you want to view it or if you want the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Sarah Budden, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. Email us today for your info package. Who wants to make money on this one?
PPS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.