43 CROOKS Street, Hamilton | Image 1

43 CROOKS Street

Hamilton, Strathcona

  • Commercial

$1,175,000
For Sale

Added 5 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: D

  • Age: 51-99 years

  • Taxes: 4383.27

  • MLS®#: X10403326

  • Days on Site: 149 Days

  • Added: Jul 15, 2024 (5 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: RE/MAX Aboutowne Realty Corp., Brokerage

Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,500 Unit 2: $1,640 Unit 3: $1,750. With a net annual income of $57,622 and an impressive cap rate of 4.90%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Don't miss out on this exceptional investment opportunity!

Property

  • Status: Sale

  • Property Type: Investment

  • Age: 51-99

  • Area: Hamilton

  • Community: Strathcona

  • Availability Date: Immediate/F...

  • Assessment Amount: $289,850

  • Assessment Year: 2016

Inside

  • Bathrooms: 2

  • Air Conditioning: Central Air

  • Washrooms: 2

Building

  • Basement: Y

  • Heat Type: Forced Air

  • Water Supply: Municipal

Parking

  • Garage Type: Detached

  • Covered Parking Spaces: 8

Fees

  • Tax Year: 2022

  • Tax Legal Description: LT 16, PL 284; HAMILTON

  • Taxes: $4,383

  • Expenses: Act

  • Insurance Fee: 2430

  • Hydro Expense: 2820

  • Heat Expenses: 2796

Land

  • Cross Street: York Blvd & Crooks S

  • Municipality District: Hamilton

  • Parcel Number: 171480085

  • Sewer: Sewers

  • Lot Depth: 109 Feet

  • Lot Frontage: 50 Feet

  • Zoning: D

Commercial Specific

  • Total Area: 1747

  • Total Area Metric: Sq Ft

  • Area Influence: Park

  • Area Influence: Public Transit

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Map of 43 CROOKS Street, Hamilton
7-8

École élémentaire Georges-P-Vanier

Elementary: Public
1.14 km
JK-5

Strathcona Junior Public School

Elementary: Public
0.43 km
JK-5

Central Junior Public School

Elementary: Public
1.43 km
JK-8

Hess Street Junior Public School

Elementary: Public
0.50 km
6-8

Ryerson Middle School

Elementary: Public
1.48 km
JK-8

St. Joseph Catholic Elementary School

Elementary: Catholic
1.64 km
9-12

King William Alter Ed Secondary School

Secondary: Public
2.01 km
9-12

Turning Point School

Secondary: Public
1.60 km
9-12

École secondaire Georges-P-Vanier

Secondary: Public
1.14 km
9-12

St. Charles Catholic Adult Secondary School

Secondary: Catholic
3.17 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
0.83 km
Pre-Grade 9-12

Westdale Secondary School

Secondary: Public
1.82 km
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