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Type: Investment
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Property Type: Commercial
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Zoning: D
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Age: No Data
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Taxes: 8030
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MLS®#: X10403323
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Days on Site: 161 Days
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Added: Jul 12, 2024 (5 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: RE/MAX Aboutowne Realty Corp., Brokerage
Discover an exceptional opportunity to own this legal Duplex character home featuring three self-contained apartment units in Hamilton's prestigious Durand neighborhood. This property is a fantastic investment or an ideal owner-occupied residence, offering an impressive net income of $49,838 annually. Unit 1: A charming 2-bed, 1-bath unit currently rented for $1,850 per month. Unit 2: A spacious unit that will be vacant on September 1st, with a rental potential of $2,300 per month. Unit 3: A cozy loft that generates $1,127.50 per month. Whether you choose to live in the second unit or rent it out for $2,300+ per month, you'll benefit from the property's prime location and its appeal to A+ professional tenants. Take the opportunity to finish the basement for an additional income for up to $1,600+ per month. This beautifully maintained home boasts extensive modern updates that seamlessly blend with its historical charm. Situated within a short walk to the hospital, trendy Locke and James Streets, the GO station, and scenic trails, this property also offers convenient highway access. The extensive updates and prime location make this an unbeatable investment opportunity. Don't miss your chance to own a piece of Hamilton's finest real estate!
Property
Status: Sale
Property Type: Investment
Area: Hamilton
Community: Durand
Availability Date: Immediate/F...
Assessment Amount: $566,000
Assessment Year: 2024
Inside
Bathrooms: 3
Air Conditioning: Wall Unit
Washrooms: 3
Building
Basement: Y
Heat Type: Radiant
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2023
Tax Legal Description: PART LOT 18, PL 87 , PARTS 2 & 3, 62R21644 SUBJECT TO AN EASEMEN
Taxes: $8,030
Insurance Fee: 1682
Hydro Expense: 2580
Heat Expenses: 1200
Land
Cross Street: From James St South
Municipality District: Hamilton
Parcel Number: 171350168
Sewer: Sewers
Lot Depth: 116.8 Feet
Lot Frontage: 23.68 Feet
Zoning: D
Commercial Specific
Total Area: 2300
Total Area Metric: Sq Ft
Area Influence: Park
Area Influence: Public Transit
Central Junior Public School
Elementary: PublicQueensdale School
Elementary: PublicRyerson Middle School
Elementary: PublicSt. Joseph Catholic Elementary School
Elementary: CatholicQueen Victoria Elementary Public School
Elementary: PublicSts. Peter and Paul Catholic Elementary School
Elementary: CatholicKing William Alter Ed Secondary School
Secondary: PublicTurning Point School
Secondary: PublicÉcole secondaire Georges-P-Vanier
Secondary: PublicSt. Charles Catholic Adult Secondary School
Secondary: CatholicSir John A Macdonald Secondary School
Secondary: PublicWestdale Secondary School
Secondary: Public
