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BEDROOMS4
BATHROOMS3 + 1
KITCHENS14 + 4
ROOMSX11892618
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Property Description
Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for.
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Property Features
Public Transit, School
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Property Details
Street
Community
City
Property Type
Fourplex, 2 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
29' x 108'
Fronting
South
Taxes
$4,371 (2024)
Basement
Apartment, Fin W/O
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Front Yard
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Bathroom | Main | 10.01' x 6.59' | 3 Pc Bath |
Prim Bdrm | Main | 15.91' x 9.78' | |
Kitchen | Main | 17.78' x 9.97' | |
Living | Main | 14.27' x 9.97' | |
Bathroom | 2nd | 6.53' x 7.09' | 3 Pc Bath |
Prim Bdrm | 2nd | 10.37' x 10.07' | |
2nd Br | 2nd | 9.81' x 10.01' | |
Kitchen | 2nd | 13.48' x 9.45' | |
Bathroom | 3rd | 8.20' x 4.59' | 3 Pc Bath |
Prim Bdrm | 3rd | 13.45' x 11.42' | |
Bathroom | Bsmt | 4.92' x 8.30' | 3 Pc Bath |
Prim Bdrm | Bsmt | 15.26' x 9.12' |
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Hamilton Market Statistics
Hamilton Price Trend
480 King William St is a 4-bedroom 4-bathroom home listed for sale at $1,100,000, which is $124,738 (12.8%) higher than the average sold price of $975,262 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 4 bedroom home in Hamilton declined by $59,859 (5.8%) compared to the previous 30 day period (October 22 - November 20) and down $38,622 (3.8%) from the same time one year ago.Inventory Change
There were 124 4-bedroom homes listed in Hamilton over the last 30 days (November 21 - December 20), which is down 27.1% compared with the previous 30 day period (October 22 - November 20) and up 44.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($28,272) (2.9%) below asking price over the last 30 days (November 21 - December 20), which represents a $1,868 decrease compared to the previous 30 day period (October 22 - November 20) and ($44,393) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Hamilton over the last 30 days (November 21 - December 20) stood at 65.3%, up from 55.9% over the previous 30 days (October 22 - November 20) and up from 60.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Hamilton stood at 34 days when successfully sold over the last 30 days (November 21 - December 20), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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