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5 + 1
BEDROOMS 3
BATHROOMS 2 + 1
KITCHENS 9 + 3
ROOMS X13580102
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Property Description
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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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2020-05-06 | 2020-05-09 | 3 | $739,900 | $739,000 |
Property Features
Accessory Apartment, Separate Hydro Meter, Water Heater, Available, Private, Natural Gas
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Property Details
Address
317 Queen Street
Community
City
Postal Code
L8P 3T6
Property Type
Multiplex, Multiplex
Lot Size
25' x 130'
Taxes
$6,961 (2026
Basement
Apartment, Separate Entrance, Finished
Heat Type
Forced Air
Heat Source
Electric
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Right At Home Realty
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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In the heart of Hamilton's Barton Village, this mixed-use property offers almost a 10% cap rate, positive cash flow and a retail space zoned for multiple uses! Fully freestanding and situated on a deep lot with laneway parking, this well-located building offers strong fundamentals and multiple streams of income. The main floor features a retail storefront with excellent street exposure. Above and behind are three rental units, giving you instant cash flow with room to increase income over time. All appliances owned and in working condition, including fridge, stove, dishwasher, and laundry for all residential units. Three parking spaces with the building! Ideally positioned with public transit at the doorstep, a short stroll to the West Harbour GO Station, and quick access to Highway 403, this property is a strategic addition for investors, end-users, or those exploring live/work possibilities. Whether you're expanding your portfolio or making your first real estate investment, 363 Barton is a turnkey opportunity with room to grow.
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