1,300+ Sqft Bungalow Flip or Rental Near the Escarpment in Hamilton!! Available

  • $635,000
  • 5 beds
  • 3 baths
  • 1324 sqft
This detached, 3+2 bedroom home is situated in a central part of Hamilton, right on the edge of the Mountain access route, and boasts over 1,300 square feet, which outdoes most of the recent inventory in this area!! This is also your classic, mid-twentieth century bungalow, whereas the nearby sales are primarily 1.5-storeys with less accessible floor plans. This property is also loaded with new updates — furnace, roof, kitchen cabinets, waterproofed basement, windows and more, with a 1-car, built-in garage. Located in a family-friendly neighbourhood located near Gage Park, Ottawa St shopping district, and also easy access to QEW and Red Hill Expressway. Bungalows are one of the most sought-after, single-family residential investments and here’s your opportunity to own one that will need some TLC in places, but is almost turnkey (read below for more context) for a new end-buyer or renter!!

We are selling our assignable purchase contract.

Closing is January 12th, 2022
*As per our APS, The Buyer acknowledges that the City of Hamilton has issued an Order To Comply (the “Order”, attached as Schedule B) pursuant to the building code act, related to the subject property. The Buyer acknowledges receiving a copy of this Order and the Buyer is agreeing to purchase the subject property with full understanding of the requirements of the Order. The Buyer shall be responsible to complete all obligations pursuant to the Order, including but not limited to, the obtaining of building permits. The Seller is not responsible to fulfill the requirements of and clear the Order. For clarity, if there are any other work orders, open building permits, bylaw violations or deficiency notices not directly related to the Order, which the Seller is unable or unwilling to remove, remedy or satisfy, and which the Buyer will not waive, this Agreement notwithstanding any intermediate acts or negotiations in respect of such objections, shall be at an end and the deposit shall be returned to the Buyer without interest or deduction.*

**As per our APS, the Seller agrees to allow the Buyer, and/or its agents, to enter the property from time to time after acceptance of the offer and before closing. However, the Buyer understands that it will not have access to the subject property between December 30, 2021 to January 8, 2022.**

PROPERTY FEATURES
Please note: When our Acquisitions Rep viewed the property a few months back, the house was tenant-occupied. This is now a vacant property and will be sold without tenants. Upon a firm offer, we are also willing to ask the Seller if they’ll allow the Buyer to apply for any permits, between now and closing.
  • 3+2 bedrooms (4 bedrooms, as per MPAC)
    • Rear addition is a third bedroom, which also has an exit door to the backyard
  • 3 bathrooms (1.5 bathrooms, as per MPAC)
    • 2-piece bathroom located on the main floor
    • 4-piece bathroom located on the main floor
    • 4-piece bathroom located in the basement
  • Built in 1947
  • Above grade: 1324 sq ft (as per MPAC)
  • Basement: 1261 sq ft (as per MPAC)
    • Walk-out entrance
    • Door access to garage
    • Ensuite laundry
    • Full kitchen
    • 2 bedrooms
    • Full bathroom
    • Ceiling height is 7’2” from floor to drywall, and 6’3” from floor to bulkheads (Buyer to verify)
    • Basement was professionally waterproofed
  • All appliances will be included
  • Main floor is renovated, and includes:
    • Fresh drywall
    • Pot lights
    • New kitchen cabinets
      • Flooring and appliances aren’t as mint, and Buyer to expect some wear and tear from the previous tenants (as per Seller)
  • 100 AMP breaker panel
  • Gas furnace is only 1-year-old (as per Seller)
  • HWT is owned (as per Seller)
  • Central AC is included
  • Windows are only 1-year-old (as per Seller)
  • Roof is only 1-year-old (as per Seller)
  • On municipal services
  • Backyard is supported by a retaining wall and lined with concrete patio stones
  • Exterior is all brick, except for rear addition which is new vinyl
  • 1-car, basement garage with in-house access to the basement (280 sq ft, as per MPAC)
  • 1-car, private driveway with front walkway that leads up to the main entrance
  • Lot size: 36.19 ft x 104.58 ft (as per MPAC)
  • Zoning: D (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating
  • Buyer to assume the obligations of an Order To Comply. Seller has stated the Building Department wants him to move the walk-out to the back, add an egress window, and meet all other standards of a legal secondary suite in the basement (Buyer to verify)
  • If the Buyer wants to make the house Single-Family, they’d need to add a stairwell back inside, close off the walk-out, and remove the kitchen stove downstairs. The Seller states he was told this by Building Department (Buyer to verify)

 

Please click HERE for more pictures and information.

**Please note: Seller claims that “construction” which needs to be remedied, as per the Order to Comply, was for an illegal basement apartment (and possibly a rear addition). This property is being bought on an as-is basis and, in turn, the Buyer will assume all obligations under the Order. Seller claims the zoning allows for a basement apartment, but the future buyer will need to legalize the unit and apply for a minor variance on account of the single parking spot.**
Price:
$635,000
Address:
Keswick Ct & King St E
Hamilton, ON
Square Feet:
1324
Lot Size:
36.19 ft x 104.58 ft
Bedrooms:
5
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1947

Call (647) 400-2093 for more details

Property Location