999 Mohawk Road East, Hamilton | Image 1

999 Mohawk Road East

Hamilton, Mohawk

  • - bed - bath
$X,XXX,XXX est.*: $5,756/mo
For Sale

Added 1 month ago

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  • Type: Multiplex

  • Style: 2 1/2 Storey

  • Lot Size: 50.11 x 150.31 Feet

  • Age: New

  • Taxes: $7,448 per year

  • Days on Site: 28 Days

  • Added: Mar 26, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: X8174774

  • Listed By: Royal lepage state realty

Lucrative 6-unit investment opportunity with excellent cash flow. Located in a fantastic east Hamilton mountain location close to schools, public transit, shopping and all amenities. This 2.5 storey all-brick walk-up apartment building has been well maintained and offers low maintenance terrazzo stairs and hallway floors. There are two updated boilers and a new water heater (all owned equipment). Most units have been renovated and the building has quiet, respectful tenants. There are 6 large parking spaces for the tenants as well as a detached garage that can be used for storage or as additional income. This rare investment opportunity is presented with a 5.3% CAP rate and potential for VTB financing up to 75%.

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2 1/2 Storey

  • Age: New

  • Area: Hamilton

  • Community: Mohawk

  • Availability Date: Flexible

Inside

  • Bedrooms: 8

  • Bedrooms Plus: 2

  • Bathrooms: 6

  • Kitchens: 4

  • Kitchens Plus: 2

  • Rooms: 16

  • Den/Family Room: Yes

  • Air Conditioning: Window Unit

  • Fireplace: No

  • Washrooms: 6

Building

  • Basement: Full

  • Heat Type: Radiant

  • Heat Source: Gas

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Available

  • Garage Spaces: 1

  • Garage Type: Detached

  • Covered Parking Spaces: 6

  • Total Parking Spaces: 7

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 12, PL 908 ; S/T NS246246 HAMILTON

  • Taxes: $7,448

Land

  • Cross Street: Upper Gage To Mohawk

  • Municipality District: Hamilton

  • Fronting On: North

  • Pool: None

  • Sewer: Septic

  • Lot Depth: 150.31 Feet

  • Lot Frontage: 50.11 Feet

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Somewhat Walkable

  • Some errands can be accomplished on foot.
58 /100

Some Transit

  • Most errands require a car.
45 /100

Bikeable

  • Some errands can be accomplished on bike.
52 /100
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Map of 999 Mohawk Road East, Hamilton
7-8

ÉIC Mère-Teresa

Elementary: Catholic
0.22 km
JK-8

St. Anthony Daniel Catholic Elementary School

Elementary: Catholic
0.37 km
JK-6

École élémentaire Pavillon de la jeunesse

Elementary: Public
1.27 km
JK-8

Lisgar Junior Public School

Elementary: Public
0.47 km
JK-8

St. Margaret Mary Catholic Elementary School

Elementary: Catholic
0.96 km
JK-8

Huntington Park Junior Public School

Elementary: Public
0.57 km
9-12

Vincent Massey/James Street

Secondary: Public
1.73 km
9-12

ÉSAC Mère-Teresa

Secondary: Catholic
0.25 km
9-12

Nora Henderson Secondary School

Secondary: Public
1.22 km
9-12

Delta Secondary School

Secondary: Public
3.00 km
Pre-Grade 9-12

Sherwood Secondary School

Secondary: Public
1.40 km
9-12

Bishop Ryan Catholic Secondary School

Secondary: Catholic
3.82 km

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ON Rates as low as: 6.05% 5 Year Variable