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Isaac Rosebrugh

isaac@inspiredbroker.com +1(519) 754-6611

Listed by George Palios • Real Broker Ontario Ltd.

$1,049,000

Est. payment - /mo

3 Beds

5 Baths

2,385 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,385 sqft

Price per Sqft $439

MLS Listing ID 40869261

Bedrooms 3

Abv Grd Liv Area 2,385

Year Built 1885

Annual Tax Amount $4,943

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Multi-4 Unit

Source Cornerstone

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, backwater 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. Approximately 2,385 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.

Location

Province ON

County Hamilton

Area 14 - Hamilton Centre

Zoning LMR-2

Rooms

Basement Separate Entrance, Full, Unfinished

Kitchen 0

Interior

Interior Features Upgraded Insulation

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Roof Type Asphalt Shing

Lot Frontage 19.0

Lot Depth 97.5

Garage No

Building

Lot Description Dog Park, City Lot, Hospital, Park, Place of Worship, Public Transit, Shopping Nearby

Story 3

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 3

Structure Type Brick,Stucco,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 171740004

Ownership Freehold/None

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NEARBY SCHOOL & BUSINESS

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Isaac Rosebrugh

+1(519) 754-6611

REALTOR®

158 Hunter Street E Hamilton, ON L8N 1M7

Isaac Rosebrugh

Key Details

Location

Rooms

Interior

Exterior

Building

Others