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$ 999,999
Est. payment /mo
Price Dropped by $49K
158 HUNTER STREET E Hamilton, ON L8N1M7
3 Beds
5 Baths
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000 - 2500
Subdivision Corktown
MLS® Listing ID X13868472
Bedrooms 3
Half Baths 1
Property Sub-Type Townhouse
Property Description
$90,840 GROSS ANNUAL RENT | $71,929 NET INCOME | 6.86% CAP RATE AT CURRENT LIST PRICE. A compelling opportunity for investors seeking strong cash flow without taking on a major renovation project. Configured & operated as four self-contained rental suites, the property has undergone extensive upgrades, including: new roof & eaves, furnace & A/C, sewer line to the City, updated copper water line, back water valve, 200-amp electrical service with separated panels, updated plumbing, windows, HVAC distribution, foundation restoration, exterior grading correction, and significant interior renovations. City inspected during permitted renovations to confirm compliance with fire/life-safety upgrades consistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately2,385 sq ft (MPAC), with in-suite laundry throughout, updated kitchens & bathrooms, and excellent tenant appeal. Located in Corktown steps from Hamilton GO Centre, St. Joseph's Healthcare, parks, the rail trail, Augusta Street restaurants, and downtown. Full income and expense breakdown available. (id:24570)
Location
Province ON
Rooms
Kitchen 4.0
Extra Room 1 Second level 1.98 m X 1.55 m Bathroom
Extra Room 2 Second level 3.45 m X 2.92 m Bedroom
Extra Room 3 Second level 5.54 m X 2.74 m Kitchen
Extra Room 4 Second level 4.65 m X 2.46 m Living room
Extra Room 5 Second level 1.3 m X 1.12 m Bathroom
Extra Room 6 Second level 3.63 m X 2.67 m Kitchen
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by REAL BROKER ONTARIO LTD.
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