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7
BEDROOMS3
BATHROOMS2
KITCHENS8
ROOMSX8314548
MLSIDContact Us
Property Description
Attention all investors, this cash positive legal duplex, currently generates $5,939 per month, $71,268 annually in grossrent, with the potential to generate $6,239/month $74,868/year. This investment property, has been well maintained, with 2hydro meters, 4 parking spots at the rear, furnace (2022), tankless hot water heater (2023), flat roof (2022), the basementhas a separate side entrance with coin operation laundry, and plenty of room for storage or insert an additional 4th rentalunit. The investment property had a major renovation with permit involving wiring(copper), plumbing(copper/ABS), windows alongwith drywall construction and doors/trims upgraded. Currently the loft unit just became occupied as of June1st, for $1450/month. The investment property is a smoke free and pet free environment.
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Property Features
Arts Centre, Hospital, Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Multiplex, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
26' x 94'
Acreage
< .50
Fronting
East
Taxes
$2,746 (2023)
Basement
Part Bsmt, Part Fin
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Lane
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
125 Sanford Ave N is a 7-bedroom 3-bathroom home listed for sale at $849,000, which is $181,000 (17.6%) lower than the average sold price of $1,030,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 7 bedroom home in Hamilton increased by $30,000 (3.0%) compared to the previous 30 day period (March 15 - April 13) and down $3,220,000 (75.8%) from the same time one year ago.Inventory Change
There were 4 7-bedroom homes listed in Hamilton over the last 30 days (April 14 - May 13), which is down 0.0% compared with the previous 30 day period (March 15 - April 13) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
7-bedroom homes in Hamilton typically sold ($69,000) (6.7%) below asking price over the last 30 days (April 14 - May 13), which represents a $69,001 decrease compared to the previous 30 day period (March 15 - April 13) and $250,001 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 7-bedroom homes in Hamilton over the last 30 days (April 14 - May 13) stood at 25.0%, down from 50.0% over the previous 30 days (March 15 - April 13) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 7-bedroom 3-bathroom home in Hamilton stood at 29 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Complete Realty
Similar Listings
Triple income property or perfect for extra large family! Unit 1 faces the street, and has original pocket doors, hardwood floors, and 9-foot ceilings. An open-concept kitchen and living room with stainless steel appliances, and decorative fireplace. The center hall staircase leads to the second floor, where you'll find a conveniently located laundry area, 2 bedrooms and a 4-piece bath. Parking is available in the back. Unit 2 enter through a separate lower entrance. This unit has 1 bedroom, a four-piece bathroom, a kitchen with butcher block countertops and subway tile backsplash. In-suite laundry and parking also included. Unit 3 with a good-sized living room and separate kitchen that features granite countertops and backsplash. From the kitchen, step out to the back area that has a BBQ deck, access to parking. Upstairs you will find 1 bedroom and a four-piece bathroom. Up another level are 2 more bedrooms. This triplex is situated in a central location, this home is close to public transportation, downtown amenities, hospitals, GO Stations, University, theatres, breweries, and a variety of restaurants.
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