28 Myrtle Ave

Central, Hamilton, L8M 2E9
FOR SALE
$775,000
Sold
$734,900
28 Myrtle Ave, Hamilton
28 Myrtle Ave
28 Myrtle Ave
28 Myrtle Ave
28 Myrtle Ave
28 Myrtle Ave
28 Myrtle Ave
28 Myrtle Ave
28 Myrtle Ave
28 Myrtle Ave
6
BEDROOMS
3
BATHROOMS
3
KITCHENS
11
ROOMS
X6773908
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-08-28 2023-09-21 24 $775,000 $734,900 Sold
Property Description
Welcome to 28 Myrtle Ave, solid all-brick legal triplex with tons of potential. This property offers a solid foundation and awaits your creative vision to transform the unfinished basement into a new space. This triplex presents an ideal chance for investors to generate substantial rental income. Currently, two units are vacant, including a charming 2-bedroom unit on the main floor and another 2-bedroom unit on the second floor. These units provide a blank canvas for your personal touch. The third floor hosts a tenant-occupied unit, bringing in $1,209 per month plus hydro on a month-to-month basis. Whether you're looking to enhance the existing rental income or occupy one of the units yourself, this property caters to various investment strategies. Don't miss out on the opportunity to own a legal triplex in a sought-after location. Seize the chance to make this property your own and capitalize on its income potential.
Property Details
Community
Property Type
Triplex, 2 1/2 Storey
Lot Size
28' x 101'
Fronting
West
Taxes
$4,311 (2023)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Front Yard
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain15.75' x 12.83'
KitchenMain16.57' x 10.93'
BrMain8.17' x 11.42'
BrMain8.17' x 11.42'
Kitchen2nd6.59' x 10.93'
Laundry2nd6.76' x 10.93'
Living2nd11.75' x 11.42'
Br2nd11.75' x 11.42'
Br2nd9.58' x 10.93'
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FOR SALE
3000 square foot (basement included) LEGAL NON-CONFORMING TRIPLEX in the heart of Central Hamilton featuring a great suite mix. Largemain/basement 3 bed, 1.5 bath unit, spacious second floor 2 bed, 1 bath unit and a bigger then it looks brand new 1 bed, 1 bath loft unit atmarket rent. Unit 1 & 2 are great value adds with major rent upside at 25%. The property also features a 200 amp feed, 3 panels, 3 hydrometers (all passed on to tenants), main & fire escape egress, newer roof (2016) and soffits, eaves, fascia (2021). Units 1 & 3 include in-suitelaundry! Stabilized cap rate of 7%. Great addition to any portfolio or live/rent!
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