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Type: Investment
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Property Type: Commercial
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Zoning: R1
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Age: No Data
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Taxes: 4930
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MLS®#: X10404510
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Days on Site: 20 Days
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Added: Oct 27, 2024 (3 weeks ago)
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Updated:
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Last Checked: 8 hours ago
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Listed By: RE/MAX Aboutowne Realty Corp., Brokerage
Rare opportunity to own this FULLY VACANT, newly renovated three unit home in Hamilton Centre with potential for a large fourth unit in the basement! Buyer to set their own rent at market value. The house comes equipped with 3 units. Unit 1 is a vacant two-bedroom suite with the income potential of $2,400+ (Also great for Airbnb), Unit 2 is a newly renovated vacant two-bedroom unit ($2,300), and unit 3 features a really cool bachelor loft space on the 3rd floor, with the income potential of $1,550+. The Gross Annual income is $78,600.00. This is a Rare offering and huge opportunity to increase your annual income by finishing the basement which could bring an additional income of $1,500+ per month. The property features a large Double lot (43 x 105) ft lot, a massive driveway with 5+ parking spots and an oversized two-car garage with forecasted rent of ($400+). Perfect for a savvy investor or purchaser looking to supplement their mortgage payment. Huge income opportunity to be had, do not miss out on this rare offering. Seller in the works of obtaining permit to finish basement legally, and turning home into legal 4plex. steps to downtown, Go Station and highways, the property is located in a desirable family-friendly neighbourhood.
Property
Status: Sale
Property Type: Investment
Area: Hamilton
Community: Gibson
Availability Date: Immediate P...
Assessment Amount: $396,000
Assessment Year: 2016
Inside
Bathrooms: 3
Air Conditioning: Central Air
Washrooms: 3
Building
Basement: Y
Water Supply: Municipal
Parking
Garage Type: Detached
Covered Parking Spaces: 5
Fees
Tax Year: 2023
Tax Legal Description: PT LT 34, PL 399 ; PT RESIDENCE RESERVE, PL 399 , AS IN AB103026
Taxes: $4,930
Expenses: Act
Insurance Fee: 1733
Hydro Expense: 1080
Heat Expenses: 2040
Land
Cross Street: Queen to Fairleigh S
Municipality District: Hamilton
Parcel Number: 172020067
Sewer: Sewers
Lot Depth: 105.05 Feet
Lot Frontage: 43.09 Feet
Zoning: R1
Commercial Specific
Total Area: 2385
Total Area Metric: Sq Ft
Area Influence: Park
Sacred Heart of Jesus Catholic Elementary School
Elementary: CatholicÉÉC Notre-Dame
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: PublicKing William Alter Ed Secondary School
Secondary: PublicTurning Point School
Secondary: PublicVincent Massey/James Street
Secondary: PublicDelta Secondary School
Secondary: PublicSherwood Secondary School
Secondary: PublicCathedral High School
Secondary: Catholic
