81 Hamilton Street N, Hamilton, ON L0R 2H0
- $2,999,000
- 12
- BD
- 12
- BA
- List Price
- $2,999,000
- MLS#
- X13579458
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 12
- Bathrooms
- 12
- Living Area
- 5000 +
- Province
- ON
- Municipality
- Hamilton
- Area
- Hamilton
- Neighborhood
- Waterdown
- Subdivision
- West On Dundas St - North On Hamilton St
Property Description
Welcome to this exceptional investment opportunity in the heart of Waterdown. This meticulously maintained 6-plex has been proudly owned and cared for by its original owner, offering investors a truly turnkey asset with strong cash flow and outstanding upside potential.Each of the six spacious 2 bedroom units offers generous living space, well-sized bedrooms, and the convenience of in-suite laundry. The property is currently generating impressive income, with excellent potential to increase rental revenue as units turn over to new tenants. Parking is plentiful, with space for up to 10 vehicles and the potential to secure additional parking through the neighbouring property. Operating expenses are kept to a minimum, as tenants are responsible for landscaping, snow removal, garbage removal, and their own utilities, no gas bills, no hot water tank rentals, all are owned allowing the building to run with minimal owner involvement. This is a rare opportunity to own a well-maintained, income-producing property in one of Waterdown's most desirable locations. Zoned C5 Mixed Use Medium Density this property offers a variety of commerical, retail, and residential future uses.
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Additional Information
- Taxes
- $10,120
- Heat Type
- Baseboard
- Heat Source
- Electric
- Air Conditioning
- Wall Unit(s)
- Kitchens
- 6
- Exterior
- Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 10
- Parking Type
- Available
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Listing courtesy of Royal LePage Real Estate Services Ltd., Brokerage.