!!Hamilton Mountain Deal!! 2-Storey Flip With Laneway Garage For Under $500K!! Assigned

  • $495,000
  • 3 beds
  • 1 baths
  • 997 sqft
Assigned

This brick 2-storey is located in East Hamilton at the tip of the escarpment!! Next to the Sherman Access taking you into downtown, and down the street from the main roads (Upper Wentworth, Upper Sherman) this property can transport you anywhere into the Mountain’s amenities. This property also features a rear, 1-car, laneway garage, bay window, back sunroom addition, and large deck. It needs all the TLC an Investor would want and expect – and then some!! Perfect for commuters, young professionals, or even small families. Endless end-buyers make for profitable flips!! You won’t want to miss out on this steal of a deal!!

We are selling our assignable purchase contract.

Closing is September 20th, 2021

PROPERTY FEATURES
  • 2-storeys
    • Please note: This appears to be a bungalow that had an addition put on top a very long time ago (Buyer to verify) 
  • 3 bedrooms (2 bedrooms, as per MPAC)
    • 2 bedrooms are located on the second floor
    • 1 bedroom is located on the main floor
      • Bedroom on the main floor used to be part of the living room, but was drywalled, separated, and contains a closet and window. However, this bedroom is not separated by a door from the living room.
  • 1 full bathroom
    • 4-piece bathroom located on the main floor
  • Built in 1925
  • Above grade: 997 sq ft (as per MPAC)
    • First floor: 664 sq ft (as per MPAC)
      • It’s unclear whether the MPAC sq ft report includes the back addition, but we suspect the house is over 1000 sq ft with the addition. The basement is not under the addition, even though it is reportedly the same amount of sq ft as the main floor, which further proves our thought that the addition sq ft is not included in the MPAC (Buyer to verify)
    • Second floor: 333 sq ft (as per MPAC)
  • Unfinished basement: 664 sq ft (as per MPAC)
  • All appliances will be included
  • Small bay window at the front of house adds curb appeal
  • Sunroom addition was added to the back of the property prior to the current owner taking possession in 2008 (we estimate the addition to be approximately 40-50 years-old, Buyer to verify)
  • 100 AMP breaker panel (no visible signs of knob & tube, as per our Acquisitions Rep) — Buyer to verify
  • Gas furnace is on site, though is from the 1980’s and is not in working order
  • HWT is owned (exact age is unknown, as per Seller)
  • Central AC is approximately 10-12 years-old (as per Seller)
  • Roof is very old (exact age is unknown, as per Seller)
  • Windows are a mix of different ages, some are newer and some need to be replaced (exact ages are unknown, as per Seller)
  • Backyard features a large deck area
  • On municipal services
  • Exterior is mostly brick, but the addition is vinyl siding
  • 1-car, laneway garage at the back of the property
    • Seller claims the garage is heated (Buyer to verify)
    • This laneway garage could possibly be converted to a laneway house (Buyer to verify)
  • No driveway
  • Lot size: 25 ft x 133 ft (as per MPAC)
  • Zoning: D (as per MPAC)

PROPERTY NEEDS

  • Full cosmetic updating
  • New roof
  • New furnace
  • New decking

 

Please click HERE for more pictures and information.

Price:
$495,000
Address:
Concession St & East 24th St
Hamilton, ON
Square Feet:
997
Lot Size:
25 ft x 133 ft
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1925
Basement:
Unfinished

Call (647) 400-2093 for more details

Property Location