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9 + 3
BEDROOMS5
BATHROOMS5
KITCHENS17
ROOMSX5182225
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-04-06 | 2021-07-27 | 112 | $999,999 | - | Terminated |
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Property Description
Gracious Property Mixing Olde World Charm With Modern Renovations; Spacious Well-Appointed 5 Units With Separate Heating And Electrical Systems. 2 - 3 Bedrooms 3 -2 Bedrooms Close To Downtown And Locke St Trendy Business Area. Unit 4 & 5 Has Fireplace. Separate Meters Located In The Basement. Coin-Operated Laundry On-Site. Gross Ann Inc Approx. $57,300
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Lot Size
27' x 65'
Fronting
North
Taxes
$5,682 (2020)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Driveway
None
Garage Type
None
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Similar Listings
Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Financials available upon request.
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