Added 1 day ago
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Type: Fourplex
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Style: 2 1/2 Storey
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Size: 1500 sqft
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Lot Size: 28.58 x 108.5 Feet
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Age: 100+ years
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Taxes: $4,371 per year
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Added: Dec 13, 2024 (1 day ago)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X11892618
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Listed By: Royal lepage signature realty
Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for.
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Property
Status: Sale
Property Type: Fourplex
Style: 2 1/2 Storey
Size (sq ft): 1500
Age: 100+
Area: Hamilton
Community: Landsdale
Availability Date: ASAP
Inside
Bedrooms: 4
Bedrooms Plus: 1
Bathrooms: 4
Kitchens: 3
Kitchens Plus: 1
Rooms: 14
Den/Family Room: Yes
Air Conditioning: Central Air
Fireplace: No
Washrooms: 4
Building
Basement: Apartment
Basement 2: Fin W/O
Heat Type: Forced Air
Heat Source: Gas
Exterior: Brick
Exterior: Vinyl Siding
Elevator: N
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Front Yard
Garage Type: None
Covered Parking Spaces: 6
Total Parking Spaces: 6
Fees
Tax Year: 2024
Tax Legal Description: PT LT 18, PL 43 , AS IN VM2325, LYING N OF KING ST. BTN WENTWORT
Taxes: $4,371
Highlights
Feature: Public Trans
Feature: School
Land
Cross Street: 403 To Main St West
Municipality District: Hamilton
Fronting On: South
Parcel Number: 171800115
Pool: None
Sewer: Sewers
Lot Depth: 108.5 Feet
Lot Frontage: 28.58 Feet
Zoning: R1A
Additional Media
- Virtual Tour: https://unbranded.youriguide.com/480_king_william_st_hamilton_on/
Rooms
Room details for 480 King William Street, Hamilton
| Type | Dimensions | Description |
|---|---|---|
| Bathroom Main | 3.05 x 2.01 | 3 Pc Bath |
| Prim Bdrm Main | 4.85 x 2.98 | |
| Kitchen Main | 5.42 x 3.04 | |
| Living Main | 4.35 x 3.04 | |
| Bathroom 2nd | 1.99 x 2.16 | 3 Pc Bath |
| Prim Bdrm 2nd | 3.16 x 3.07 | |
| 2nd Br 2nd | 2.99 x 3.05 | |
| Kitchen 2nd | 4.11 x 2.88 | |
| Bathroom 3rd | 2.50 x 1.40 | 3 Pc Bath |
| Prim Bdrm 3rd | 4.10 x 3.48 | |
| Bathroom Bsmt | 1.50 x 2.53 | 3 Pc Bath |
| Prim Bdrm Bsmt | 4.65 x 2.78 |
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: PublicCathy Wever 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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