Legal Non-Conforming Duplex, Brick Flip in Hamilton!! Assigned

  • $549,999
  • 4 beds
  • 2 baths
  • 1568 sqft
Assigned
This legal non-conforming duplex is available at an appealing discount in Hamilton’s growing Gibson neighbourhood. It’s a 2.5 storey, all-brick detached century home with a basement walk-up, private parking, 2 kitchens, and a master loft. The owner paid $480,000 on MLS for this property in November of 2020, did some moderate updates, and now 6 months later an Investor only needs to pay 13% more when natural appreciation has carried Hamilton up nearly 30%. This LNC duplex is almost turnkey to rent, but could benefit from some cosmetic updates and minor maintenance. An Investor has upfront equity and ample room for forced appreciation. In May 2021, you can’t miss out on this amazing wholesale price!!

We are selling our assignable purchase contract.

Closing is July 9th, 2021

PROPERTY FEATURES
This 2.5-storey property is a legal, non-conforming duplex. Both units are self-contained, with separate entrances at the house’s front door.
  • 2.5-storeys (as per MPAC)
  • 4 bedrooms
  • 2 full bathrooms
  • Built in 1907 (addition year listed as 1981, as per MPAC)
  • Above grade: 1568 sq ft (as per MPAC)
    • First floor: 650 sq ft
    • Second floor: 578 sq ft
    • Third floor: 340 sq ft
      • There is a mudroom addition just off of the main floor kitchen, and we are unsure if that is included in the MPAC square footage report (Buyer to verify)
  • Partially finished basement: 650 sq ft (as per MPAC)
    • Ceiling height is approximately 6.4 ft
    • Laundry area is located in the basement, near the walk-up entrance
  • New granite countertops in the main floor kitchen (are all on site but will need to be installed by the Buyer, as per Seller)
  • All appliances will be included
  • All working materials will be included (does not include tools)
  • 100 AMP breaker panel
  • Gas furnace is from 2013 (as per Seller)
  • Electric baseboard heating in upper, half storey of the property (as per Seller)
  • HWT is owned (exact age is unknown, as per Seller)
  • Central AC is from 2013 (as per Seller)
  • Units are not separately metered
  • Roof was shingled in 2012 (as per Seller)
  • All-brick exterior
  • Concrete block foundation
  • On municipal services
  • Backyard features deck area and treed-in yard
  • 2-car parking on private, double-wide, interlock driveway
  • Lot size: 23.5 ft x 100 ft (as per MPAC)
  • Zoning: D (as per MPAC)
    • The City of Hamilton allows for two-family dwelling units, so long as it meets all of the listed requirements (see HERE, pg 103) — Buyer to verify

UNIT BREAKDOWN
Main Unit

  • Consists of the main floor and basement area
  • Total area: ~1300 sq ft
  • 1 bedroom
  • 1 full bathroom
  • Kitchen and living areas
  • Access to laundry area in the basement

Upper Unit

  • Consists of the second floor and third floor, which has been converted to a bedroom loft
  • Total area: ~918 sq ft
  • 1 bedroom
  • 1 full bathroom
  • Kitchen and living areas
  • No access to laundry area

PROPERTY NEEDS

  • Cosmetic updating
  • Some wood windows will likely need to be replaced
  • Separate hydro metres
  • Option to add ensuite laundry to both units

 

Please click HERE for more pictures and information.

Price:
$549,999
Address:
Main St E & Sanford Ave S
Hamilton, ON
Square Feet:
1568
Lot Size:
23.5 ft x 100 ft
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Duplex
Year Built:
1907
Basement:
Partially finished

Call (647) 400-2093 for more details

Property Location