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$1,199,900
Status: For Sale
INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 9th room. The possibilities are endless with this one!
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X12061198 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :03 Apr, 2025 (12 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Hamilton |
|---|---|
| Postal Code | :
L9B 1A8
|
| Price | : $1,199,900 |
|---|---|
| Property Taxes | :$3302.0 |
| Tax Year | :2025 |
|---|
| Bedrooms | :16 + |
|---|---|
| No. of Rooms | :21 |
| Heating | :Radiant |
| Cross Street | :Upper Wellington Strete |
| Bathrooms | :4 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :2000-2500 sqft |
| Fireplace/Stove | :Yes |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :6 |
| Basement | :Separate Entrance |
| Garage | :Attached |
|---|
03 Apr, 2025
TREB #X12061198
Listed
$1,199,900
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