2.5-Storey Property in the Stinson Area of Hamilton!! Assigned

  • $539,999
  • 4 beds
  • 2 baths
  • 1396+ sqft

This 2.5-storey is on a quiet residential street in Stinson close to the desirable Corktown. This 1400+ sq ft, all-brick century home is your very definition of an “Investor’s Special” with a full renovation providing tons of room for profit! There’s plenty of opportunity for the Investor to overhaul the property, renovate and “make it beautiful”. As-is, the layout is functional, with 4 bedrooms on the 2nd floor and an upper loft ready to become your master retreat. A great discount in a market where fix-n-flips are in high demand. Act fast!!

We are selling our assignable purchase contract.

Closing is April 6th, 2021
**Please Note: This property is currently in the early stages of probate and we anticipate this property will not close on the scheduled date. Our team has a condition in the APS to indefinitely extend closing with the Seller until they have probate and can administer the estate. Our Assignee must be prepared for some delays at closing due to probate and be willing to extend as per the APS.** 

PROPERTY FEATURES

MPAC lists this property as a 2-storey, but the Seller has stated that there is an extra 1/2 storey with 2 rooms and additional living space. We were not able to access it during our original walkthrough as the door was nailed shut, but it should be accessible during our group walkthrough. 

  • 4 bedrooms (Seller states there are 2 more bedrooms in the half storey)
  • 2 bathrooms (one full, one powder room in laundry)
  • Built in 1907
  • Above grade: 1396 sq ft
    • We believe the total sq ft is closer to 1700-1800 sq ft as MPAC does not include the sq ft of the top, half storey.
    • First floor: 698 sq ft
    • Top floor: 698 sq ft
  • Full basement: 698 sq ft
  • All-brick exterior
  • Windows at front of house are NOT broken (as per Seller)
    • They are boarded up as a sound barrier (owner is a musician)
  • Back entrance leads to kitchen
  • 100 AMP breaker panel
  • Knob & tube only connected in the attic (as per Seller)
  • HWT is rented
  • HE gas furnace is 3-4 years old (as per Seller)
  • Central AC is currently broken (as per Seller)
  • The property will be vacant and broom swept upon closing except for the appliances and some tools in the basement (as per the APS)
  • Lot size: 22.5 ft x 75 ft
  • No garage or private parking
  • Zoning: E (allows for multiple dwellings)
    • May be possible to convert into 2 units (Buyer to verify)

PROPERTY NEEDS

  • Full cosmetic updating
  • New central AC
  • New roof

 

Click HERE for more information and pictures.

Price:
$539,999
Address:
Victoria Ave S & Main St E
Hamilton, ON
Square Feet:
1396+
Lot Size:
22.5 ft x 75 ft
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1907

Call (647) 400-2093 for more details

Property Location