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5
BEDROOMS5
BATHROOMS5
KITCHENS15
ROOMSX5111067
MLSIDContact Us
Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2021-02-10 | 2021-02-18 | 8 | $1,249,900 | - | Terminated |
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Property Description
Rarely Offered Legal 5-Plex In Hamilton's North End, Short Walk To The Bayfront Park & West Harbour Go, Close To The Downtown Core. Steps Away From Piers 5-8 Waterfront Development. Property Consists Of 5 - 1 Bedroom Units That Have Been Renovated & Are Occupied With Quality Tenants. Separately Metered, Tenants Pay Their Own Hydro, & 6th House Meter For Common Elements. Large Unfinished Basement With Separate Entrance, Currently Used For Storage. Rear Parking
Extras
Inclusions: 5 Fridges, 5 Stoves Exclusions: Tenant Possessions
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
34' x 90'
Fronting
North
Taxes
$4,469 (2020)
Basement
Full, Part Fin
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Other
Garage Type
None
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Exceptional Investment Opportunity! Discover this legal triplex, complete with a bonus additional dwelling unit, located on a spacious double lot. With approximately 3,000 square feet of well maintained living space, this property is a true gem for investors. The layout features two 2-bedroom units and two 1-bedroom units, offering versatile rental options. The main-floor 2-bed unit is currently owner occupied and provides a wonderful live-in option or could be quickly rented with a projected rent of $2,200/m. The other 3 units are happily occupied by A++ tenants. The home is equipped with efficient boiler heat, ensuring convenience for both owners and tenants. Additionally, this property includes in-suite coin operated shared laundry, and a detached garage and a storage shed, providing further potential for income (approx. $50/m for laundry and projected $200/m for garage) or personal use. The ideal location, turn key building, and practical layout make this a standout investment opportunity. You'll be hard pressed to find a better layout, location, and overall quality. Pride of ownership is evident throughout don't miss this rare offering. Call your Realtor to book your showing today!
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