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: $2,300, Unit 2: $1,900, and Unit 3: $1,750. With a gross annual income of $71,400 and an impressive cap rate of 5.95%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Don't miss out on this exceptional investment opportunity! (id:13843)
| MLS # | 40824584 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 94 |
| Listing Provided By | RE/MAX Aboutowne Realty Corp. | Paul Butler |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,747 |
| Garage | 10 |
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Zoning | D |
| Lot Features | Sump Pump |
|---|
| Parking Features | Detached Garage |
|---|---|
| Parking Total | 10 |
| Tax Annual Amount | 6467.62 |
|---|
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8R2Z7 |
| Community Name | 101 Strathcona Central North |
| Listing VS Median (in 101 Strathcona Central North) | |
Price: $999,000 low | high Med: $399,450 sqft: 1,747 low | high Med: 826 $ / sqft: $572 low | high Med: $479 On site: 94 low | high Med: 98 | |
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8R2Z7 |
| Community Name | 101 Strathcona Central North |
| Listing VS Median (in 101 Strathcona Central North) | |
Price: $999,000 low | high Med: $399,450 sqft: 1,747 low | high Med: 826 $ / sqft: $572 low | high Med: $479 On site: 94 low | high Med: 98 | |