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$875,000
Est. payment /mo
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Durand
MLS Listing ID X13580102
Style 2 1/2 Storey
Bedrooms 6
Annual Tax Amount $6,960
Tax Year 2026
Property Sub-Type Multiplex
Property Description
Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets. Full financials available upon request.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Apartment, Separate Entrance, Finished
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Accessory Apartment, Separate Hydro Meter, Water Heater
Cooling Central Air, Wall Unit(s)
Fireplaces Type Natural Gas
Fireplace Yes
Heat Source Electric
Exterior
Parking Features Available, Private
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 25.0
Lot Depth 130.0
Total Parking Spaces 1
Building
Foundation Unknown
Others
ParcelsYN No
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Listed by RIGHT AT HOME REALTY
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