Hamilton Triplex Only $510K. Partially Vacant and Over $140K Undervalued, Great BRRRR Potential! 510 Brittania Ave, Hamilton For Sale

Hamilton Triplex Only $510K. Partially Vacant and Over $140K Undervalued, Great BRRRR Potential! 510 Brittania Ave, Hamilton 

✅ Wholesale Price: $510K (Or Best Offer)
✅ Estimated As-Is Value: ~$650K
✅ Estimated After Repair Value: ~$930K

Closing: July 29th, 2022

This extremely affordable property is looking for a seasoned investor to breathe life into it and reap the financial rewards! This legal Triplex is conveniently located close to downtown Hamilton and is set up perfectly with three separate and private entrances, and separate gas and hydro metres for each unit. MLS comparables show that in the surrounding area 10 Triplexes have sold over $900K in the last 6 months, firmly establishing ARV. At $510K this property offers exceptional value with potential to BRRRR, Flip, AirBnb or House Hack. Check out the pics, video, and home inspection attached and contact Peter today at 647 955 0843 to place an offer or learn more about this opportunity.

510 Brittania Ave is a 2 storey detached legal Triplex on a sunny corner lot  in the Homeside area of Hamilton’s East end. It is centrally located, 15 mins to downtown and close to all big city amenities including schools, parks, Tim Horton’s Field, shopping and restaurants. The main floor features two 1 Bedroom Units, currently rented undermarket at $565 and $800 per month. The third unit is a 2 bedroom apartment on the second floor and is currently vacant awaiting your renovations. Other perks of this property include recently poured footings to strengthen the foundation, three hot water tanks, and a gas heat source in each unit.

This is a renovators and builders special. Work is required to maximize rent potential. Recommended work includes: new siding, wood treatment in crawl space, drywall repairs, supporting floor joist (foundation work completed by the previous owner). Please see the inspection report for full details on what is required. Property also requires cosmetic updating, including new kitchen, bathrooms and flooring throughout. 

✨Comparable Sales
🏷115 Balsam Ave S – $931,000 (Sold Feb 2022)
🏷164 Sanford Ave S – $905,000 (Sold Nov 2021)
🏷331-333 Strathhearne Ave – $910,000 (Sold April 2022)

✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/510-brittania-ave-hamilton

Address:
Hamilton
Terms:
For Sale
Property Type:
Triplex

Call 647-955-0843 for more details