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$ 724,900
Est. payment | /mo
5 Beds
4 Baths
2,107 SqFt
$ 724,900
Est. payment | /mo
5 Beds
4 Baths
2,107 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2107
Square Footage 2,107 sqft
Price per Sqft $344
Subdivision 200 - Gibson/Stipley
MLS® Listing ID 40813531
Bedrooms 5
Property Sub-Type Freehold
Property Description
An exceptional investment opportunity in Hamilton's Gibson/Stipley neighbourhood, this fully renovated multi-residential property offers strong cash flow potential (estimated at $975.65* net per month with 20% down) and stable, reliable income from day one currently grossing $4,777.50 per month. OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $151* PER MONTH! Talk about affordable! Configured as a legal duplex with an additional self-contained in-law suite, the property features three well-maintained suites with quality finishes throughout, including updated kitchens, modern bathrooms, and in-suite laundry in each unit. Separate hydro meters provide efficient expense management and added appeal for investors. Currently tenanted by long-term occupants who are easy to manage, communicative, and paying at or slightly above market rents, this is a true turnkey asset with minimal operational overhead. Ideally located close to downtown Hamilton, transit, and key amenities, the property benefits from consistent rental demand in a high-growth area. A prime addition to any real estate portfolio, offering both immediate income and long-term appreciation potential. Call or message today for the proforma and more details! RSA. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX Escarpment Realty Inc.
Nearby Locations
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