88 King St W
Stoney Creek, Hamilton, L8G 1H8
FOR SALE
$849,000
Sold
$775,000
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8
BEDROOMS5
BATHROOMS4
KITCHENS16
ROOMSX4268824
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2018-10-05 | 2018-11-30 | 56 | $849,000 | $775,000 | Sold |
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Property Description
Legal Fourplex On A One Of A Kind 110 X 215 Foot Lot In A Prime Stoney Creek Location Across From Battlefield. This Unique Property Features Two Buildings With 2 Units In Each Plus A Detached Garage And Tons Of Parking. No Room Sizes Due To Tenants.
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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. Appraised for $975k in Aug 2024. Financials available upon request.
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