Rarely offered purpose-built legal 8-Unit investment property in the highly sought-after Stinson neighborhood! This low-maintenance, 3-storey walk-up features separate hydro meters, 8 parking spaces, and spacious 700+sf units occupied by A+ tenants. The building boasts a fantastic suite mix of 6 x 2-bedroom units and 2 x 1-bedroom units, with durable brick and concrete construction and classic terrazzo floors. Gross income of $157,000m, potential to reach $189,000. This turnkey 8-Unit Building has been well cared for with significant capital expenditures. Updates including Heat Pumps and In-Suite Laundry (4/8 units), Parapet Wall Capping (2020), Fire Systems (2021), and more. Coin laundry onsite. Situated at the edge of the escarpment, this premium location is minutes from the Hamilton GO Centre, Hamilton General Hospital, transit stops, and all the amenities of downtown Hamilton, making it a prime choice for tenants. Dont miss this exceptional investment opportunity with strong cash flow and long-term upside. Financials available upon request.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Last updated by owner on Aug 9, 2023.
Property details
Public facts
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Style: Single Family Residential
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Home facts updated by public records on Aug 9, 2023
Around this home
Schools
0.5km
Queen Victoria Elementary Public School
Public, JK-8 • Assigned
1.0km
Cathedral High School
Public, 9-12 • Assigned
Provided by Local Logic
Lifestyle
Provided by Walk Score and Local Logic
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