Discounted 2-Storey Detached Flip Opportunity in Stoney Creek!
VACANT POSSESSION
$70K+ Under Market Value!!
Valera Dr
Hamilton, ON
WHOLESALE PRICE OF $859,000 OBO
BY May 30th, 2021
This 2-storey, detached house features a large living space on main floor with a family room, living room, dining room, kitchen, powder room, laundry, and walkout to a patio perfect for entertaining. Second floor features 4 Bedrooms and 2 full bathrooms, and the finished basement area has another 2 Bedrooms and 1 bathroom. The lot features mature trees and the property has a full-size shed and patio. Hardwood & Tile Flooring in main areas of the house, with carpet and laminate in the bedrooms.
The property is located in a family friendly neighbourhood of Stoney Creek, on a quiet street, surrounded by parks, recreation/arenas, schools, and shopping centres. The property is located minutes away from the QEW, Hwy 8, multiple nature preserves, and Lake Ontario.
We are selling our assignable contract for this purchase.
Closing: July 21, 2021 (Buyer Has Option To Extend Closing By Up To 30 Days)
SUMMARY & FEATURES
- 4 Bedrooms on 2nd Floor + 2 Bedrooms in Basement
- 4 Bathrooms (basement, main floor powder room, and 2 on 2nd floor)
- Above Grade – 1,853 sq ft (as per MPAC)
- Finished Basement – 950 sq ft
- All appliances included
- Lot has decent curb appeal and a private backyard with mature trees and patio
- Backyard has a large shed
- Ground floor features a sun room addition built about 10 years ago, which other homes in the neighbourhood do not have
- HWT & Furnace are owned (as per Seller)
- Windows and Roof approx. 10 years old (to the best of Seller’s knowledge)
- Brick Exterior
- 4 Parking Spaces + 2 Garage Spaces
- Access door from house to garage.
- Lot Size: 46.62 ft x 109.84 ft
- Zoning: Residential
- House will be de-cluttered and vacant by July 21, 2021
PROPERTY NEEDS
- Minor cosmetic updating, painting, minor TLC
- Potential to make the main floor more open concept
- Potential to do a nicer renovation & update of kitchen, bathrooms, flooring, trims for an even higher selling price, as there is precedent for this in comparable sales in the area
NEXT STEPS
Please let us know if you want to view the property or if you require any more details and information.
- Wholesale Price: $859,000 OBO
- Offer Deadline: Sunday, May 30th, 2021
- Closing Date: July 21, 2021
- Please call us at 647-905-9222 anytime OR Email us at info@nextbrickrealty.com
COMPARABLES:
We believe our property is worth $930,000 As-Is. We believe with some tasteful cosmetic renovation such as new flooring, pot lights, kitchen, bathrooms, and a more open concept layout, the ARV on this property can be $1,100,000+
277 Fruitland Rd: Sold in Mar 2021, for $960,000 (11 DOM). This 4+2 bed, 4 bath, 2-storey home is a similar size as our property, but the interior is in better condition and the basement has a kitchen (without a separate entrance).
8 Carlson St: Sold in Mar 2021, over asking for $1,285,000 (7 DOM). This 4+1 bed, 4 bath, 2-storey home is a larger size and has been recently renovated. Though not a direct comparable, this shows that there is appetite for large, nice homes in this area if a similar renovation was done with the subject property.
WE MAKE THE OFFER PROCESS SIMPLE AND EASY TO UNDERSTAND.
If you decide you would like to purchase the property, please let us know – send in your offer & deposit amount, along with your name and contact details. If accepted, we will prepare and send the contract to you.
Please do not go directly to the address.
FINANCING OPTIONS:
Financing options are available for the assignment fee and for the purchase, with competitive pricing and terms. Please let us know if you are interested in this and we can provide further details.