Discover an exceptional opportunity to own this legal Duplex character home featuring three self-contained apartment units in Hamilton's prestigious Durand neighborhood. This property is a fantastic investment or an ideal owner-occupied residence, offering an impressive net income of $49,838 annually. Unit 1: A charming 2-bed, 1-bath unit currently rented for $1,850 per month. Unit 2: A spacious unit that will be vacant on September 1st, with a rental potential of $2,300 per month. Unit 3: A cozy loft that generates $1,127.50 per month. Whether you choose to live in the second unit or rent it out for $2,300+ per month, you'll benefit from the property's prime location and its appeal to A+ professional tenants. Take the opportunity to finish the basement for an additional income for up to $1,600+ per month. This beautifully maintained home boasts extensive modern updates that seamlessly blend with its historical charm. Situated within a short walk to the hospital, trendy Locke and James Streets, the GO station, and scenic trails, this property also offers convenient highway access. The extensive updates and prime location make this an unbeatable investment opportunity. Don't miss your chance to own a piece of Hamilton's finest real estate! (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
24 x 117 ft
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit
Features
Sump Pump
Listing Contract Date
2024-07-12
Location Description
From James St South turn right onto Markland. From Aberdeen turn left onto Hilton and right onto Markland.
Ownership Type
Freehold
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
D
Building
Appliances
Freezer, Microwave
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Construction Material
Concrete block, Concrete Walls
Cooling Type
Wall unit
Exterior Finish
Concrete, Other
Foundation Type
Block
Stories Total
3
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
None
Land
Total Size
under 1/2 acre
Amenities
Hospital, Park, Place of Worship, Public Transit
Sewer
Municipal sewage system
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