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6
BEDROOMS4
BATHROOMS3
KITCHENS12
ROOMSX4944166
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-10-07 | 2020-10-27 | 20 | $599,900 | $620,000 | Sold |
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Property Description
This Residential Home With 3 Legal 2 Bedroom Apartments Is A Rare Commodity That Comes Along Once In A While In The Downtown Hamilton Area. Opportunity Isn't Just Knocking, It's Banging Down The Door. The Basement Has 600 Sq Ft Of High Ceiling And Is Completely Unfinished And Already Plumbed For A Basement Apartment. Each Apartment Is Separately Metered. The Construction Of The House Is Solid Concrete Blocks. All Windows Were Replaced In 2019.
Extras
2nd And 3rd Floor Baths Were Renovated In 2020. Tenants In Place. Basement Water Proofing In 2019. Information Package Available With Additional Information.
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
24' x 123'
Acreage
< .50
Lot Irregularities
24.15X123.13X24.08X123.23
Fronting
East
Taxes
$2,750 (2020)
Basement
Full, Unfinished
Exterior
Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.48' x 13.12' | |
| Kitchen | Main | 9.19' x 9.84' | |
| Br | Main | 13.12' x 13.12' | |
| Br | Main | 9.19' x 10.50' | |
| Living | 2nd | 9.84' x 11.48' | |
| Kitchen | 2nd | 11.48' x 13.12' | |
| Br | 2nd | 8.53' x 11.48' | |
| Br | 2nd | 11.81' x 12.14' | |
| Living | 3rd | 7.55' x 18.04' | |
| Kitchen | 3rd | 8.20' x 9.84' | |
| Br | 3rd | 12.14' x 12.80' | |
| Br | 3rd | 8.86' x 8.86' |
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Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 - 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see attachments for a complete list of recent updates. With extensive maintenance completed and tenants in good standing, this property offers a turnkey investment opportunity for savvy investors seeking long-term cashflow and appreciation. Potential upside on interior cosmetic updates. Financials attached. Offers welcome any time!
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