13 WESTINGHOUSE Avenue, Hamilton | Image 1

13 WESTINGHOUSE Avenue

Hamilton, Gibson

  • Commercial

$875,000
For Sale

Added 4 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: M6

  • Age: No Data

  • Taxes: 4727

  • MLS®#: X11997322

  • Days on Site: 11 Days

  • Added: Mar 03, 2025 (4 weeks ago)

  • Updated:

  • Last Checked: 2 weeks ago

  • Listed By: Keller Williams Signature Realty, Brokerage

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.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Hamilton

  • Community: Gibson

  • Availability Date: Flexible

  • Assessment Amount: $332,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 32, PL 167 , AS IN CD459664; S/T & T/W CD459664 ; HAMILTON

  • Taxes: $4,727

  • Expenses: Act

  • Insurance Fee: 6057

  • Hydro Expense: 1179

  • Heat Expenses: 2072

  • Taxes Type: Annual

  • Taxes: 4727

  • Tax Year: 2024

  • Water Fees: 2243

Land

  • Cross Street: Westinghouse Ave

  • Municipality District: Hamilton

  • Parcel Number: 171940027

  • Lot Depth: 102.22 Feet

  • Lot Frontage: 25.58 Feet

  • Zoning: M6

Commercial Specific

  • Total Area: 3100

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Lot Code: Building

  • Gross Income/Sales: 75718

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Map of 13 WESTINGHOUSE Avenue, Hamilton
JK-8

St. Patrick Catholic Elementary School

Elementary: Catholic
1.29 km
JK-8

St. Brigid Catholic Elementary School

Elementary: Catholic
0.62 km
JK-8

St. Ann (Hamilton) Catholic Elementary School

Elementary: Catholic
0.66 km
JK-8

Adelaide Hoodless Public School

Elementary: Public
1.52 km
JK-8

Cathy Wever Elementary Public School

Elementary: Public
0.37 km
JK-8

Prince of Wales Elementary Public School

Elementary: Public
1.09 km
9-12

King William Alter Ed Secondary School

Secondary: Public
1.50 km
9-12

Turning Point School

Secondary: Public
2.33 km
9-12

Vincent Massey/James Street

Secondary: Public
3.73 km
9-12

Delta Secondary School

Secondary: Public
3.04 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
2.49 km
9-12

Cathedral High School

Secondary: Catholic
1.30 km
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