David Ave, Hamilton
Offer Date: FIRST COME FIRST SERVED
Closing Date: February 27th, 2026** Realtors bring us a client and add your commission on top of the purchase price**Strategies For Success
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Fix and flip: Modernize the interior by upgrading bathrooms, replacing carpet with hardwood or vinyl flooring, renovate the kitchen, and add fresh paint, modern fixtures, finishes, and appliances to maximize resale value.
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Rental strategy: Upgrade the property with similar improvements and hold as a rental to generate consistent cash flow while benefiting from long-term appreciation.
Property Overview
Details
- Detached Bungalow
- Beds: 2
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- both are on the main floor
- Baths: 2
- 1 on the main floor and 1 in the basement
- Original finishes throughout
- Sunroom at the rear of the house
- Sunroom is not connected to HVAC and is an extension to the home that can be used 3 seasons of the year
- 699 sqft above ground & 699 sqft below grade
- Finished Basement approx. 6.5- 7 ft in height throughout
- No garage
- Built in 1950
Mechanical & Systems
- Electrical: Fuse panel with copper wiring, might be some aluminum
- Furnace: Owned, 8 years old as per seller
- A/C: Owned, approximately 27 years old
- HWT: Rental to be assumed by buyer on closing; less than 1 year old
- Appliances included: Fridge, stove, washer, dryer in AS-IS condition
Roof & Exterior
- Roof: 1 side was replaced 2 years ago and the other side was redone 7 years ago
- Windows: Approximately 11 years old as per seller
Lot & Location
- 50.12 x 108.22 lot
- Property taxes are approximately $4,139
- R1 Zoning
Important Notes
- Seller has the option to leave junk behind—budget recommended for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip or Rental opportunity.
- Wholesale Price: $449,999 or Best Offer
- We believe that after the recommended renovations are completed, this property should be worth at least $650,000 on the MLS
- Purchase today for a $200K SPREAD TO ARV
Comparable Analysis |
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| 30 Alderney Avenue sold for $725,000 in November 2025, this property features a larger above-grade footprint of approximately 1,029 sq. ft., an additional below-grade bedroom, and a finished basement with a separate entrance. It also offers a two-car carport and has been renovated with modern finishes throughout. While Alderney benefits from premium features such as an in-ground pool and a more updated interior, the subject property also offers a finished basement and similar lot size. However, the subject is smaller at 699 sq. ft. above grade, has original finishes, and does not offer covered parking, which supports a downward adjustment from this comparable. After accounting for these differences and assuming completion of the recommended renovations, we believe the subject property would be expected to sell for approximately $650,000 on the MLS. |
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| 115 Welbourn Drive sold for $715,000 just 11 days on ago. This detached bungalow offers 3 bedrooms and 2 bathrooms on an estimated 700–1,100 sq. ft. footprint, situated on a comparable 50 x 102 ft lot. The property features a finished basement and has undergone several significant renovations. While this comparable features an extra bedroom and updated finishes, the subject property is smaller and currently in original condition. This comparable demonstrates the upside potential of the subject property once renovations are completed. After accounting for these differences and assuming completion of the recommended renovations, we believe the subject property would be expected to sell for approximately $650,000 on the MLS. |
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