Detached Bungalow Fixer Upper in Hamilton (Normanhurst)!! Assigned

  • $375,000
  • 4 beds
  • 2 baths
  • 777 sqft

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.

Price:
$375,000
Address:
Barton & Parkdale
Hamilton, ON
Square Feet:
777
Lot Size:
40 ft x 93.50 ft
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1940
Basement:
Full Partially Finished

Additional Features

PROPERTY FEATURES 2+2 bedrooms (MPAC states it is a 3 bedroom above grade) 2 bathrooms Built in 1940 Above grade: 777 sq ft There is a back addition that we believe has not been included in this sq ft calculation Full basement: 777 sq ft Has 2 bedrooms (partially finished) Basement ceiling height is at least 6’7” Basement bathroom flooded from a clogged toilet and is currently down to the studs Side door leads through addition and into basement Back addition has sliding glass door leading out to the backyard Mud room at front of the house Galley kitchen includes SS appliances Bay window at front of house that is in very good condition 100 AMP Breaker Panel HE gas furnace and central AC installed in 2007 (as per Seller) HWT is rented No signs of knob & tube Concrete block foundation Vinyl windows were installed in 2006 (as per Seller) Roof of main house is from 2009 (as per Seller) There is a newer roof over the mud room (as per Seller) Exterior is a mix of vinyl and aluminum siding Backyard features 3 sheds 2-3 private parking spaces Lot size: 40 ft x 93.50 ft Zoning: C This zoning does not specifically allow for accessory units or duplexes. Although, due to Bill 108, Hamilton will be required to allow SDUs. This conversation has already started and it may be possible for the Investor to have an interior or detached SDU shortly. See HERE. PROPERTY NEEDS Full cosmetic renovation Windows in basement should be replaced Option to convert basement into in-law suite

Call (647) 400-2093 for more details

Property Location