This detached bungalow is located in the quiet Normanhurst neighbourhood of Hamilton and is close to Red Hill Valley Pkwy and minutes to Hwy 8 for LCBO, Tim Hortons, and groceries. There is not much real estate stock available on Walter Ave N – what does hit the market sells quickly and what’s comparable meets or exceeds the $400,000 mark! This is a fixer upper in need of a full renovation and is ideal for an investor who wants to leave their stamp of quality. The basement has already been gutted for an investor to begin their in-law suite conversion! The Investor can rent this as a single-family property to start and once the regulations resulting from Bill 108 come into effect, this property will be a perfect candidate. The Investor can make double the rent by keeping this as a single-family rental and later on adding a exterior SDU or coachhouse.
We are selling our assignable purchase contract.
Closing is April 2nd, 2021
**As per our APS, the Seller has the option to advance or extend the closing date by up to 45 days provided they give Buyer 21 days notice.**
Please Note: This Seller is elderly and needs assistance finding a house to rent after the sale. There is also a chance she won’t be ready to close in time if she hasn’t found a rental. We have kept this deal active by letting her know that we will not pressure her and that there will be help to her to find a house nearby (she doesn’t want an apartment) to move into. Priority will be given to a Buyer that can accommodate her needs and help her find a rental (it could be one of your current properties!). The Seller has said she would close sooner if a rental is made available to her in advance.
Please click HERE for more information and pictures.