641 Limeridge Road E,Hamilton, ON L8W1A2
Hamilton, ON L8W1A2
Description
Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there's no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential. Concept proposed: Buyer to develop three triplex buildings totaling 9 residential units. Development has not yet been approved. Buyer to complete all required applications and obtain necessary approvals. (id:13843)
Details
| MLS # | 40852013 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 24 |
| Listing Provided By | RE/MAX Escarpment Realty Inc. | Tobias Richard Smulders |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,462 |
| Garage | 4 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | C |
Parking
| Parking Features | Attached Garage |
|---|---|
| Parking Total | 4 |
Taxes
| Tax Annual Amount | 4790.84 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8W1A2 |
| Community Name | 182 Thorner |
| Listing VS Median (in 182 Thorner) | |
Price: $749,900 low | high Med: $679,999 sqft: 1,462 low | high Med: 1,432 $ / sqft: $513 low | high Med: $475 On site: 24 low | high Med: 10 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8W1A2 |
| Community Name | 182 Thorner |
| Listing VS Median (in 182 Thorner) | |
Price: $749,900 low | high Med: $679,999 sqft: 1,462 low | high Med: 1,432 $ / sqft: $513 low | high Med: $475 On site: 24 low | high Med: 10 | |
