3000 square foot (basement included) LEGAL NON-CONFORMING TRIPLEX in the heart of Central Hamilton featuring a great suite mix. Large main/basement 3 bed, 1.5 bath unit, spacious second floor 2 bed, 1 bath unit and a bigger then it looks brand new 1 bed, 1 bath loft unit at market rent. Unit 1 & 2 are great value adds with major rent upside at 25%. The property also features a 200 amp feed, 3 panels, 3 hydro meters (all passed on to tenants), main & fire escape egress, newer roof (2016) and soffits, eaves, fascia (2021). Units 1 & 3 include in-suite laundry! Stabalized cap rate of 7%. Great addition to any portfolio or live/rent! (id:47423)
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Detailed Information
Bedrooms
6
Bathrooms
4
Lot
29 x 89 ft
Amenities Nearby
Hospital, Park, Place of Worship, Schools
Community Features
Community Centre
Equipment
Water Heater
Listing Contract Date
2024-09-24
Location Description
North on Sherman Avenue from Main Street East, property on west side between Dunsmure Road and Vineland Avenue
Ownership Type
Freehold
# of Parking Spaces
1
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
D/S-1822
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1910
Cooling Type
Wall unit
Exterior Finish
Brick
Foundation Type
Stone
Heating Type
Radiant heat
Stories Total
2.5
Type
Triplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Hospital, Park, Place of Worship, Schools
Sewer
Municipal sewage system
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