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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
LEGAL TRIPLEX- ZONING VERIFICATION REPORT FROM CITY OF HAMILTON ATTACHED IN SUPPLEMENTS. Renovated large triplex - Extensive renovations in 2026 with building permits - Include three new kitchens, 3 new full baths. Large 3 bedroom top floor unit, main floor unit 2 bedroom, rear unit one bedroom, rare investment opportunity!! Excellent location near General Hospital and near Downtown Hamilton. WALKING DISTANCE TO BIRGE PARK WITH OUTDOOR SWIMMING POOL, AND RECREATIONAL FACILITIES. Must see this!!
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Excellent Investment Opportunity in Hamilton! Offered for sale by a long-term owner retiring, this renovated and upgraded property featuring legal duplex 342 and 344 King William St with an existing three-unit layout. This versatile property offers very good cash flow potential and opportunities to further maximize rental income. Very Bright and inviting throughout, the home features plenty of windows that fill the living spaces with lots of natural light.The upper unit features 4 bedrooms, 2 bathrooms, ensuite laundry, 1 Family Room (Can be used as a bedroom), and a roughed-in kitchen area currently configured as a bedroom, offering potential for a fourth unit. The main unit features 2 bedrooms, 1 family room (which can be used as a 3rd bedroom), and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom. All three existing units have separate kitchens, providing independent living spaces and flexible rental possibilities. Recent Updates: Roof (2025), furnace (2023), and hot water tank (2019). With no existing rental contracts, very low expenses, and vacant possession, the new owner has the flexibility to further customize the home or establish their own tenancy arrangements at current market rents.Additional highlights include 3 separate hydro meters and approximately $75,000 in potential gross annual rental income with all three units, making this an attractive opportunity for investors seeking strong cash flow and long-term investment potential.Conveniently located in downtown Hamilton, the property is close to public transit, shopping, restaurants, and everyday amenities.A great opportunity to acquire a bright, versatile, multi-unit investment property with excellent income potential!
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