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BEDROOMS4
BATHROOMS3 + 1
KITCHENS8 + 2
ROOMSX10433553
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Property Description
Turn-Key, Cash flow positive 4 plex in south Stipley! This legal non-conforming triplex is set up as four self-contained rental units. The property features triple rear parking and in-suite laundry for all units, adding to its appeal for tenants. It generates a strong annual gross rental income over $55,000. The unit mix includes a spacious main-floor 2-bedroom/1 bath, 2nd floor is 2 bed/1 bath, attic is 1 bed/1 bath and basement 1 bed/1 bath. All units except the basement are separately metered, with tenants responsible for their own hydro. Units recently renovated with granite countertops and stainless steel appliances in kitchens. Location is A+ with a walk score of 89. Close to all amenities, schools, parks, hospitals, and more. It is steps from public transit and close to the future LRT route, and offers easy access to and from the downtown core. this turn-key opportunity offers hassle-free management and huge potential for appreciation. Dont miss out- schedule your showing today!
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Nearby Intersections
Barton & Gage (37)
Property Features
Hospital, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
2500-3000
Lot Size
32' x 86'
Acreage
< .50
Fronting
West
Taxes
$6,650 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Dining | Main | 13.32' x 12.01' | |
Kitchen | Main | 8.92' x 11.58' | |
Living | Main | 11.32' x 14.07' | |
Br | Main | 11.25' x 10.83' | |
Br | Main | 15.42' x 12.66' | |
Kitchen | 2nd | 12.83' x 7.74' | |
Br | 2nd | 14.17' x 10.83' | |
Br | 2nd | 9.84' x 13.09' | |
Kitchen | 3rd | 6.82' x 14.67' | |
Br | 3rd | 13.58' x 15.42' | |
Kitchen | Bsmt | 9.51' x 12.07' | |
Br | Bsmt | 14.24' x 12.83' |
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Hamilton Market Statistics
Hamilton Price Trend
95 Spadina Ave is a 5-bedroom 4-bathroom home listed for sale at $999,900, which is $63,708 (6.8%) higher than the average sold price of $936,192 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $159,558 (14.6%) compared to the previous 30 day period (September 24 - October 23) and down $107,343 (10.3%) from the same time one year ago.Inventory Change
There were 41 5-bedroom homes listed in Hamilton over the last 30 days (October 24 - November 22), which is up 7.9% compared with the previous 30 day period (September 24 - October 23) and up 46.4% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($33,563) (3.6%) below asking price over the last 30 days (October 24 - November 22), which represents a $15,588 decrease compared to the previous 30 day period (September 24 - October 23) and ($41,821) 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 5-bedroom homes in Hamilton over the last 30 days (October 24 - November 22) stood at 56.1%, up from 31.6% over the previous 30 days (September 24 - October 23) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Hamilton stood at 37 days when successfully sold over the last 30 days (October 24 - November 22), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Rock Star Real Estate Inc.
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