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BEDROOMS8
BATHROOMS8
KITCHENS51
ROOMSX11176922
MLSIDContact Us
Property Description
Rarely offered purpose-built legal 8-Unit investment property in the highly sought-after Stinson neighborhood! This low-maintenance, 3-storey walk-up features separate hydro meters, 8 parking spaces, and spacious 700+sf units occupied by A+ tenants. The building boasts a fantastic suite mix of 6 x 2-bedroom units and 2 x 1-bedroom units, with durable brick and concrete construction and classic terrazzo floors. Gross income of $157,000m, potential to reach $189,000. This turnkey 8-Unit Building has been well cared for with significant capital expenditures. Updates including Heat Pumps and In-Suite Laundry (4/8 units), Parapet Wall Capping (2020), Fire Systems (2021), and more. Coin laundry onsite. Situated at the edge of the escarpment, this premium location is minutes from the Hamilton GO Centre, Hamilton General Hospital, transit stops, and all the amenities of downtown Hamilton, making it a prime choice for tenants. Dont miss this exceptional investment opportunity with strong cash flow and long-term upside.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-10-21 | 2022-11-07 | 17 | $1,700 | $1,700 | Leased |
Property Features
Hospital, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
66' x 86'
Fronting
East
Taxes
$18,250 (2024)
Basement
None
Exterior
Brick
Heat Type
Baseboard
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Listing contracted with Keller Williams Signature Realty, Brokerage
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