Added 6 hours ago
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Type: Duplex
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Style: 2 1/2 Storey
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Lot Size: 20 x 95 Feet
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Age: No Data
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Taxes: $3,474 per year
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Added: Mar 14, 2025 (6 hours ago)
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Updated:
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Last Checked: 4 hours ago
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MLS®#: X12018990
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Listed By: Right at home realty
Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52,860 in annual gross rent with low operating expenses of just $11,066.02. With a net operating income of $41,793/year or $3,482/month investors can achieve positive cash flow a rare find in todays market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached. Offers welcome anytime!
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Property
Status: Sale
Property Type: Duplex
Style: 2 1/2 Storey
Area: Hamilton
Community: Gibson
Availability Date: Immediate
Assessment Year: 2025
Inside
Bedrooms: 5
Bedrooms Plus: 1
Bathrooms: 4
Kitchens: 3
Kitchens Plus: 1
Rooms: 17
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Laundry Level: Lower
Central Vacuum: N
Washrooms: 4
Building
Basement: Apartment
Basement 2: Finished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Brick
Water Supply: Municipal
Special Designation: Unknown
Parking
Garage Type: None
Covered Parking Spaces: 2
Total Parking Spaces: 2
Fees
Tax Year: 2024
Tax Legal Description: PT LT 31, PL 158 , PART 1 , 62R6471 ; HAMILTON
Taxes: $3,474
Highlights
Feature: Hospital
Feature: Park
Feature: Place Of Worship
Feature: Public Transit
Feature: Rec Centre
Feature: School
Land
Cross Street: Sanford Ave N/Cannon
Municipality District: Hamilton
Fronting On: North
Parcel Number: 171950064
Pool: None
Sewer: Sewers
Lot Depth: 95 Feet
Lot Frontage: 20 Feet
Walker's Paradise
- Daily errands do not require a car.
Good Transit
- Some errands can be accomplished by public transportation.
Very Bikeable
- Most errands can be accomplished on bike.
St. Patrick Catholic Elementary School
Elementary: CatholicSt. Brigid Catholic Elementary School
Elementary: CatholicSt. Ann (Hamilton) Catholic Elementary School
Elementary: CatholicAdelaide Hoodless Public School
Elementary: PublicCathy Wever Elementary Public School
Elementary: PublicPrince of Wales 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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