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BEDROOMS8
BATHROOMS8
KITCHENS23
ROOMSX11823623
MLSIDContact Us
Property Description
An Investment Opportunity In Downtown Hamilton With Great Future Potential. 8 Units In Residential Freestanding Brick Building In Stinson Located South Of Main St. E. & Wentworth S. Consists Of 7 X 2 Bedrooms & 1 X 1 Bedroom Units. 9 Separate Meters. Tenants Pay Rent & Hydro. Numerous Upgrades Include: 2 New Boiler 2020 Owned, 3 Units Fully Renovated And Updated Flooring In All Common Areas Throughout. Drawings and Permits have been approved to convert the 5 2bedroom units to 5 3 bedroom units. This Building Shows A Pride Ownership. A Real Must See.
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Property Details
Street
Community
City
Property Type
Multiplex, Other
Approximate Sq.Ft.
5000+
Lot Size
51' x 93'
Fronting
East
Taxes
$18,532 (2024)
Basement
None
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Available
Garage Type
None
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Listing contracted with Royal Lepage Real Estate Services Ltd.
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Rarely offered Hamilton Purpose-Built 9-Unit Building in Central Hamilton! 9 x 1 Bedroom units with separate hydro meters, 6 balconies, and 11 parking spaces. Mix of renovated and unrenovated units. 4/9 units renovated offering potential for 28% upside on rents. Gross income $147,097, potential $188,880. 3 vacant units upon possession. Low maintenance building with brick and concrete construction and terrazzo floors. Many recent updates including Roof (2012), Boiler (2012), Boiler Pumps (2023), Fire Systems (2021), Mailboxes (2020), windows/doors, and more. Coin laundry onsite in addition to in-suite laundry in renovated units. Clean Phase 1 available (2017). Situated in the heart of Hamilton's Business District close to Jackson Square, Hamilton GO Centre, Hamilton General Hospital, and multiple transit stops ideal for tenants. Some photos have been virtually staged.
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