+38 more
7
Bedrooms
7
Bathrooms
4,800 sqft
Living Area
1910
Year Built
8
Parking
About This Property
This 7-bedroom, 7-bathroom multi-family in Hamilton offers 4,800 sqft of living area. Built in 1910, 3 storeys. The property has lot dimensions of 52 x 121 FT. The home features radiant heat heating, a partially finished, full basement. Highlights include a 8-car garage.
MLS Remarks
Solid 7-unit investment opportunity in Hamilton’s desirable Corktown neighbourhood. The property consists of six oversized one-bedroom + den units and one-bed suite in the basement, with the six larger units offering excellent potential to be converted into two-bedroom layouts. Strong in-place income supported by a stable tenant base, reflecting a 5.8% cap rate based on current income and expenses, with additional upside through unit reconfiguration. Separate hydro meters, shared laundry facilities, one storage locker, and eight surface parking spaces, including a recently paved rear lot. Six units offer spacious private balconies with rear fire escape access. Landscaped front yard and well-maintained common areas. Located in a high-demand rental pocket close to downtown, transit, hospitals, and everyday amenities. Ideal for investors seeking stable income today with clear value-add potential. (id:60351)
Overview
Property Typeresidential
Sub-Typemulti-family
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