$949,900 FOR SALE

Multiplex

Bedrooms: 9Bathrooms: 6Lot: 25.58 x 102.17 ft

13 Westinghouse Avenue
Hamilton (Gibson), ON L8L 6E4

Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Financials available upon request. (id:47423)

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Listed By Keller Williams Signature Realty, Brokerage
Data Provided By The Oakville, Milton & District Real Estate Board
MLS® Listing Number X11914138
Last Updated Jan 08, 2025
Property Summary
Property Type Multiplex

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Community Gibson
Price History
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Detailed Information
Bedrooms 9
Bathrooms 6
Lot 25.58 x 102.17 ft
Amenities Nearby Park, Public Transit, Hospital
Listing Contract Date 2025-01-08
Location Description Westinghouse / Barton St E
# of Parking Spaces 4
Property Type Multi-family
Transaction Type For sale
Zoning Description M6
Building
Amenities Separate Heating Controls, Separate Electricity Meters
Appliances Dryer, Refrigerator, Stove, Washer
Cooling Type Wall unit
Exterior Finish Brick
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 3
Type Other
Utility Water Municipal water
Land
Total Size 25.6 x 102.2 FT
Amenities Park, Public Transit, Hospital
Sewer Sanitary sewer
Size of Irregular Land 25.6 x 102.2 FT

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