Rare opportunity to own this FULLY VACANT, newly renovated three unit home in Hamilton 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 basmt 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+). Huge income opportunity to be had.Seller in the works of obtaining permit to finish bsmt legally, and turning home into legal 4plex. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bathrooms
3
Lot
43 x 105 ft
Amenities Nearby
Golf Nearby, Hospital, Park, Place of Worship, Public Transit, Schools
Community Features
Community Centre
Features
Paved driveway
Listing Contract Date
2024-05-17
Location Description
Turn left off of Main St E
Ownership Type
Freehold
# of Parking Spaces
7
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R1
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Exterior Finish
Brick
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
3
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Amenities
Golf Nearby, Hospital, Park, Place of Worship, Public Transit, Schools
Sewer
Municipal sewage system
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