102 Rosslyn Avenue
Crown Point, Hamilton, L8L 7P4
FOR SALE
$649,000
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BEDROOMS 3
BATHROOMS 2
KITCHENS 7
ROOMS X13541340
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Property Description
102 Rosslyn Avenue N, Hamilton is an investment property within a portfolio. A five-door rooming house with a self-contained basement unit, offered at a 6.10% in-place cap rate on current rents. This property generates $54,660 in gross annual rent and $41,460 NOI, with one door currently vacant and ready for immediate lease-up. The upper floors offer four main rooms, one with a private bath, above a separate 2-room basement unit with its own layout. Recent capital upgrades - a new water heater and furnace, in-suite washer and dryer, and central heat and A/C - mean minimal near-term capital outlay for a new owner, and 2-car parking adds a rentable amenity. Four of the five upstairs doors are already month-to-month, giving a new owner substantial room to reset rents to market across the upper unit on standard notice. The separate basement unit is currently vacant and available for immediate lease-up at an asking rent of $1,350/month, adding a distinct income stream that can be repositioned independently of the rest of the property.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2021-04-20 | 2021-05-02 | 12 | $698,000 | $678,000 |
| 2019-08-19 | 2019-12-05 | 108 | $579,000 | $560,000 |
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Property Features
None
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Property Details
Address
102 Rosslyn Avenue
Community
City
Postal Code
L8L 7P4
Property Type
Detached, Detached
Lot Size
20' x 100'
Taxes
$3,130 (2025
Basement
Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Exp Realty
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