Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,500 Unit 2: $1,640 Unit 3: $1,750. With a net annual income of $57,622 and an impressive cap rate of 4.90%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Dont miss out on this exceptional investment opportunity!
Property Type:
Freehold
Freehold Type:
Multiplex
Home Style:
2-Storey
Approx. Age:
51-99
Total Approx Floor Area:
2000-2500
Lot Size:
< .50
Depth:
109'33.223 m
Frontage:
50'15.24 m
Exposure:
West
Bedrooms:
3+2
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
2
Kitchens in Basement:
1
Rooms:
7
Rooms Below Grade:
3
Heating type:
Forced Air
Heating Fuel:
Gas
Basement:
Finished, Sep Entrance
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
2
Parking Spaces:
8
Total Parking Spaces:
10
Driveway:
Pvt Double
Family Room:
Y
Possession Details:
Immediate/Flex
Taxes:
$5,012 /
2023
Assessment:
$- /
-
Floor
Type
Size
Other
Main
Kitchen
14'1"4.29 m × 9'9"2.97 m
-
Main
Family
14'6"4.42 m × 13'2"4.01 m
-
Main
Prim Bdrm
14'1"4.29 m × 9'5"2.87 m
-
Main
2nd Br
14'9"4.50 m × 12'3.66 m
-
Main
Bathroom
9'9"2.97 m × 6'2"1.88 m
3 Pc Bath
2nd
Kitchen
9'11"3.02 m × 8'3"2.51 m
-
2nd
3rd Br
16'4"4.98 m × 11'3.35 m
-
2nd
Bathroom
9'11"3.02 m × 5'7"1.70 m
4 Pc Bath
Bsmt
Kitchen
15'11"4.85 m × 8'10"2.69 m
-
Bsmt
4th Br
14'9"4.50 m × 8'9⅛"2.67 m
-
Bsmt
5th Br
19'7"5.97 m × 7'4"2.24 m
-
Bsmt
Bathroom
11'7"3.53 m × 4'11"1.50 m
4 Pc Bath
Floor
Ensuite
Pieces
Other
Main
-
3
2nd
-
4
Bsmt
-
4
Fenced Yard, Library, Marina, Park, Public Transit, School
Data was last updated September 8, 2024 at 03:55 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,289,000
Min list price:
$729,000
Max list price:
$2,699,900
Avg days on market:
113
Min days on market:
2
Max days on market:
438
These statistics are generated based on the current listing's property type
and located in
Hamilton. Average values are
derived using median calculations.