REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,898,000
Est. payment | /mo
9 Beds
4 Baths
$ 1,898,000
Est. payment | /mo
9 Beds
4 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Stinson
MLS® Listing ID X11967847
Bedrooms 9
Originating Board Toronto Regional Real Estate Board
Property Description
There's nothing like this LEGAL 4-plex in Hamilton, maybe even the GTA!! Purchased in 2022, the building had been completely gutted and fully renovated!! Most importantly, The building nets $140,000+ annually!!! Giving it a current cap rate of 7.5% Enjoy the income of an 8-plex with the minimal maintenance of 4 units! This house has been professionally and legally re-built from the brick in. Everything is new: New roof, new windows, new eavestroughs, new plumbing, new HVAC, new furnaces, new A/C's, new decking, new fire escapes, spray-foam insulation, basement waterproofing, concrete, sump-pump, weeping tiles, custom kitchens, quartz countertops, luxury vinyl, hardwood staircases & railings, maintenance free landscaping, and much, much more!! All work completed legally with permits!! Upper unit spans 2 floors, 1300 sq ft and is a 2 bdrm 1 bath, with loft. The main unit is a 2 bdrm 1 bath. Both units have in-suite laundry. 2x new executive studio suites below, and are fitted for laundry. 2 parking spots on-site, leased parking spots available behind the house if needed. Hydro separately metered.This Smart Building is outfitted with security cameras, alarm system, lights, thermostats and door locks all controlled right from your phone. BONUS: free street parking located close by. Don't miss this turn-key, maintenance-free, investment opportunity...all the work has been done for you. Alternatively enjoy the large upper unit for yourself and rent the 3 units below to live mortgage free!! Building can be sold furnished and vacant. Book your showing today! (id:24570)
Location
Province ON
Rooms
Extra Room 1 Second level 3.2 m X 1.9 m Kitchen
Extra Room 2 Second level 3.6 m X 3.3 m Living room
Extra Room 3 Second level 2.7 m X 2.1 m Mud room
Extra Room 4 Second level 2.6 m X 3 m Bedroom
Extra Room 5 Second level 2.1 m X 3.7 m Bedroom 2
Extra Room 6 Third level 9.8 m X 6.8 m Loft
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Others
Virtual Tour https://www.youtube.com/watch?v=yhh0-SzavKs
Listed by SUTTON GROUP INCENTIVE REALTY INC.