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Hamilton,ON L8L 5C1
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,496 sqft
Price per Sqft $358
MLS Listing ID 40713694
Bedrooms 5
Abv Grd Liv Area 2,496
Year Built 1900
Annual Tax Amount $5,012
Property Sub-Type Multi-3 Unit
Source Hamilton - Burlington
Property Description
INVESTOR'S DREAM This cash-flowing, FULLY LEGAL TRIPLEX offers everything a savvy investor is looking for—PLUS UPSIDE POTENTIAL with CITY APPROVED PLANS TO ADD A FOURTH UNIT, significantly increasing property value and future income. Located in a PRIME RENTAL NEIGHBOURHOOD, steps to transit, hospitals, shopping, and other key amenities, this property is positioned to attract and retain A+ TENANTS year-round.RENOVATED TOP TO BOTTOM IN 2019, each unit features modern finishes, updated mechanicals, and separate utilities—keeping maintenance low and ROI high. Whether you're looking to expand your portfolio or step into a turnkey investment, this property checks every box. With a NET OPERATING INCOME OF OVER 49K/YEAR, you're already earning strong passive income from Day 1.But it gets even better. The city-approved fourth unit plans open the door to a VALUE-ADD PLAY that could allow for a refinance strategy (BRRRR, anyone?) once completed, increasing your equity and monthly cash flow even further. This is not just a buy-and-hold—it's a BUY HOLD AND GROW opportunity.Additional features include ample parking, separate entrances for all units, and modern, tenant-pleasing finishes throughout. Zoned and permitted as a legal triplex, there's NO RED TAPE OR SURPRISES—just clean, reliable income. With INTEREST RATES SHOWING SIGNS OF EASING, now is the time to lock in a quality asset that will only get more valuable with time. This is a rare offering that combines stability, scalability, and simplicity.
Don't miss your chance to own a high-performing, low-maintenance investment in a sought-after neighbourhood.
BOOK YOUR SHOWING TODAY and see why this opportunity stands out from the rest!
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning D5
Direction West Ave N and King St E
Rooms
Basement Separate Entrance,Full,Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Natural Gas,Radiant
Cooling None
Fireplace No
Appliance Instant Hot Water,Built-in Microwave,Hot Water Tank Owned,Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Exterior Feature Separate Hydro Meters
Parking Features Exclusive
Roof Type Asphalt Shing
Lot Frontage 26.19
Lot Depth 121.75
Garage No
Building
Lot Description Rectangular,City Lot,High Traffic Area,Hospital,Library,Public Transit,Schools
Faces West Ave N and King St E
Story 2.5
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 171780025
Ownership Freehold/None