Added 3 weeks ago
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Type: Multiplex
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Style: 3-Storey
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Size: 5000 sqft
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Lot Size: 66 x 86 Feet
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Age: 51-99 years
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Taxes: $18,250 per year
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Days on Site: 22 Days
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Added: Nov 26, 2024 (3 weeks ago)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X11176922
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Listed By: Keller williams signature realty, brokerage
Rarely offered purpose-built legal 8-Unit investment property in the highly sought-after Stinson neighborhood! This low-maintenance, 3-storey walk-up features separate hydro meters, 8 parking spaces, and spacious 700+sf units occupied by A+ tenants. The building boasts a fantastic suite mix of 6 x 2-bedroom units and 2 x 1-bedroom units, with durable brick and concrete construction and classic terrazzo floors. Gross income of $157,000m, potential to reach $189,000. This turnkey 8-Unit Building has been well cared for with significant capital expenditures. Updates including Heat Pumps and In-Suite Laundry (4/8 units), Parapet Wall Capping (2020), Fire Systems (2021), and more. Coin laundry onsite. Situated at the edge of the escarpment, this premium location is minutes from the Hamilton GO Centre, Hamilton General Hospital, transit stops, and all the amenities of downtown Hamilton, making it a prime choice for tenants. Dont miss this exceptional investment opportunity with strong cash flow and long-term upside. Financials available upon request.
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Property
Status: Sale
Property Type: Multiplex
Style: 3-Storey
Size (sq ft): 5000
Age: 51-99
Area: Hamilton
Community: Stinson
Availability Date: Flexible
Assessment Amount: $656,000
Assessment Year: 2024
Inside
Bedrooms: 9
Bedrooms Plus: 5
Bathrooms: 8
Kitchens: 8
Rooms: 51
Den/Family Room: Yes
Air Conditioning: Wall Unit
Fireplace: No
Washrooms: 8
Building
Basement: None
Heat Type: Baseboard
Heat Source: Gas
Exterior: Brick
Water Supply: Municipal
Special Designation: Other
Parking
Driveway: Private
Garage Type: None
Covered Parking Spaces: 8
Total Parking Spaces: 8
Fees
Tax Year: 2024
Tax Legal Description: PT LTS 7, 8, 9 & 10, PL 397 , AS IN CD276399 ; S/T & T/W CD27639
Taxes: $18,250
Highlights
Feature: Hospital
Feature: Park
Feature: Public Transit
Feature: Rec Centre
Feature: School
Land
Cross Street: Charlton Ave E / Vic
Municipality District: Hamilton
Fronting On: East
Parcel Number: 171750002
Pool: None
Sewer: Sewers
Lot Depth: 86 Feet
Lot Frontage: 66 Feet
Zoning: E
Car-Dependent
- Most errands require a car.
Excellent Transit
- Most errands can be accomplished by public transportation.
Very Bikeable
- Most errands can be accomplished on bike.
Sacred Heart of Jesus Catholic Elementary School
Elementary: CatholicSt. Patrick Catholic Elementary School
Elementary: CatholicSt. Brigid Catholic Elementary School
Elementary: CatholicGeorge L Armstrong Public School
Elementary: PublicDr. J. Edgar Davey (New) Elementary Public School
Elementary: PublicQueen Victoria Elementary Public School
Elementary: PublicKing William Alter Ed Secondary School
Secondary: PublicTurning Point School
Secondary: PublicVincent Massey/James Street
Secondary: PublicSt. Charles Catholic Adult Secondary School
Secondary: CatholicSir John A Macdonald Secondary School
Secondary: PublicCathedral High School
Secondary: Catholic-
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