43 Crooks Street
Strathcona, Hamilton, L8R 2Z7
FOR SALE
$929,000
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3 + 2
BEDROOMS 3
BATHROOMS 2 + 1
KITCHENS 7 + 3
ROOMS X13827776
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Property Description
Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,300, Unit 2: $1,900, and Unit 3: $1,750. With a gross annual income of $71,400 and an impressive cap rate of 5.95%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Don't miss out on this exceptional investment opportunity!
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Property Features
Fenced Yard, Library, Marina, Park, Public Transit, School, Carpet Free, Other, Separate Hydro Meter, Private Double
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Property Details
Address
43 Crooks Street
Community
City
Postal Code
L8R 2Z7
Property Type
Multiplex, Multiplex
Lot Size
50' x 109'
Taxes
$6,586 (2026
Basement
Finished, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
8
Garage Type
Detached
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Listing contracted with Re/Max Aboutowne Realty Corp.
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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