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5 + 1
BEDROOMS 4
BATHROOMS 3 + 1
KITCHENS 12 + 5
ROOMS X13824146
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Property Description
Investor Opportunity in Prime Central Hamilton Stinson neighbourhood! This beautifully maintained Victorian-style fourplex offers the perfect blend of historic charm and modern convenience in a highly desirable location just below the escarpment. Each self-contained unit has been thoughtfully updated and well cared for, featuring in-suite washer and dryer unit 2-3, units 1/basement share laundry in the lower level, Units 1-3 equip with split system wall unit AC, functional layouts, and character details that reflect the timeless architecture of the home.The property offers three surface parking spaces plus a detached double-car garage with hydro, providing excellent convenience for tenants and additional potential uses for storage or workspace. Pride of ownership is evident throughout, making this a turnkey addition to any investment portfolio.Ideal for investors seeking strong long-term value or owner-occupants looking to live in a spacious, character-filled unit while generating rental income from the additional suites to help subsidize the mortgage. Located close to downtown amenities, transit, parks, and escarpment access, this property offers both lifestyle and investment appeal
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2017-03-16 | 2017-04-15 | 30 | $749,900 | $715,000 |
| 2016-10-12 | 2016-10-28 | 16 | $649,900 | $635,000 |
| 2008-03-03 | 2008-04-23 | 51 | $249,900 | $245,000 |
Nearby Intersections
Property Features
Park, Public Transit, Rec./Commun.Centre, School, Separate Heating Controls, Separate Hydro Meter, Private
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Property Details
Address
147 Emerald Street
Community
City
Postal Code
L8N 2V4
Property Type
Multiplex, Multiplex
Zoning
E
Lot Size
52' x 105'
Taxes
$8,269 (2026
Basement
Finished, Separate Entrance
Exterior
Landscaped, Porch
Heat Type
Radiant
Heat Source
Other
Water
Municipal
Parking Spaces
3
Garage Type
Detached
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Listing contracted with Re/Max Escarpment Realty Inc.
Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets.
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Attention Investors! Exceptional mixed-use opportunity in a high-visibility Hamilton location. This property features 4 self-contained units, including 1 commercial unit and 3 residential units, offering excellent income potential. The building is equipped with separate hydrometers and separate water shut-offs for added convenience and management efficiency. A detached garage and storage shed, both with hydro, provide additional functionality and storage options. Parking includes 2 spaces at the front and 2 spaces at the rear of the property. A street-facing sign connected to hydro offers valuable advertising exposure along busy Main Street East, enhancing visibility for commercial occupants. Being sold with vacant possession, providing the opportunity for a purchaser to establish future tenancies and rental rates. Conveniently located near transit, amenities, and major commuter routes. A versatile addition to any investment portfolio.
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