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$ 899,900
Est. payment | /mo
5 Beds
3 Baths
$ 899,900
Est. payment | /mo
5 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Stipley
MLS Listing ID X12146213
Style 2 1/2 Storey
Bedrooms 5
Building Age 100+
Annual Tax Amount $6,322
Tax Year 2024
Property Sub-Type Triplex
Property Description
LEGAL non-conforming triplex situated on a quiet boulevard in the Hamilton downtown core. This massive value add opportunity features 3814 (5000 sq ft including basement) square feet ready for stabilization. Unit mix includes main floor- 2bed, 1bath $2152.50 + hydro, second floor 2bed, 1 bath $1063 + hydro, third floor/loft 1bed, 1bath $1048 + hydro. All on month to month leases. Square footage is spread out effectively creating large units with upside on renovations and reconfiguring the space. Loft unit was renovated in last few years. The opportunity continues with an unspoiled 1242 sq ft basement w/ walk-up & high ceilings optimal for creating storage lockers and possible coin op laundry setup for the building. Zoned the coveted R1A you'll also find ease in a large detached garage (306 sq ft) perfect for a 4th legal unit. Lastly, the parcel includes a semi-detached 1 bay garage on opposite side (ideal for storage-176 sq ft). Endless upside with this massive asset including ample parking & a reconstructed roof (including sheathing) in 2015. Potential stabilized rent of almost $8000 across 4 units. Second floor unit will be VACANT on possession!
Location
Province ON
County Hamilton
Community Stipley
Area Hamilton
Rooms
Family Room No
Basement Walk-Up
Kitchen 3
Interior
Interior Features Accessory Apartment, Separate Hydro Meter
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 97.0
Total Parking Spaces 5
Building
Foundation Stone
Listed by REVEL REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "