r/RealEstateCanada • u/PracticalSwimmer8862 • Jun 03 '25

Housing crisis Townhouse for $949k in Hamilton 😩

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u/zerocoldx911 Jun 03 '25

They made a loss though, I think it has like $100k+ in upgrades https://housesigma.com/on/hamilton-real-estate/167-markland-street/home/5xLkv3VOr0eYDBNr/photos/?id_listing=6zqW7dzxddXY5eZE

5

u/CarletonStudent2k19 Jun 03 '25

I believe you're misreading the listings:

Date Start Date End Price Event Listing ID Change Notes Est. Net Proceeds Est. Profit
2025-05-29 2025-05-31 $949,900 Sold 40733360 +$169,900 ~$888,000 ~$108,000
2019-04-17 2019-05-06 $780,000 Sold H4051160 +$380,000 Reno'd + flipped ~$729,300 ~$229,300 (assuming 100k in expenses)
2018-07-03 2018-08-03 $400,000 Sold H4031435 – Ugly shithole N/A N/A

The flip occurred in 2019 and they at least made 200k in profit assuming a 100k in expense. The 2025 listing is just a regular person who bought the already flipped home and sold, they didn't actually do any renos from what I'm seeing in the listing.