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16
BEDROOMS4
BATHROOMS1
KITCHENS21
ROOMSX12008328
MLSIDContact Us
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 19th room!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2020-04-09 | 2020-04-12 | 3 | $539,900 | $500,000 | Sold |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
60' x 124'
Fronting
South
Taxes
$3,302 (2025)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Garage Type
Attached
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Listing contracted with Revel Realty Inc.








































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