✅ Wholesale Price: $600K OBO
✅ Estimated As-Is Value: ~$650K
✅ Estimated After Repair Value: ~$740K+
✨Closing: April 11th, 2022
This is your chance to buy an extremely undervalued detached property in Hamilton perfect for BRRRR, fix and flip, and Airbnb investors! With properties around the area regularly trading for above 650k+ and fully renovated properties selling for 700k+, 271 Glassco Ave N provides phenomenal upside for investors at an affordable price. This property will sell fast, you do not want to miss out on this profitable investment opportunity!
Take advantage of this discounted single-family home in the desirable McQuesten West area of Hamilton, ready for your “forced appreciation” renovations. This property has tons of potential and is ready for upgrades from the buyer. Since 2012, the current owner has made many upgrades to the property and thus the interior overall is in very good condition. The owner had removed the old kitchen and reframed the layout to make it open concept to the living room/dining room area. Note there is currently no kitchen as the owner did not finish adding the kitchen in before sale. Moreover, the house was formerly a 3 bedroom above grade home; however, the current owner converted it to 2 bedroom above grade to make a bigger living space. There is potential to reconvert back to 3 bedrooms above grade. With affordable renovations, this property can increase well over 6 figures in market value. Keep this property as a BRRRR with Airbnb to maximize cash flow, or flip it to an end buyer as properties in this location are desirable for first time home buyers.
✨Comparables:
CURRENT LISTING: 270 Melvin Unit 33- $699,900
195 Glassco Ave N- $720,000 (Sold Sep 2021)
10 Martha St- $650,000 (Sold Jan 2022)
128 Walter Ave N- $659,999 (Sold Jan 2022)
157 Julian Ave – $650,000 (Sold Oct 2021)
13 Lewis St- $650,000 (Sold Sep 2021)
✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/271-glassco-ave-n-hamilton
✨Call or email Austin for any questions:
📱 647-933-5598
📧 austin@ontariopropertydeals.ca