5 Maplewood Avenue, Hamilton, ON L8M 1W3
- $899,900
- 4
- BD
- 4
- BA
- 2,000
- SqFt
- List Price
- $899,900
- MLS#
- X13614392
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Triplex
- Style
- 2 1/2 Storey
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Hamilton
- Area
- Hamilton
- Neighborhood
- Blakeley
- Subdivision
- Sherman Ave/Main St. E.
Property Description
An exceptional income-producing property in the heart of Hamilton. This well-maintained triplex features three legal, self-contained units, along with an existing fourth non-conforming unit. Each unit has been beautifully renovated and includes a private entrance and ensuite laundry. The property offers ample parking, a practical layout and excellent flexibility for investors, multi-generational families or buyers seeking additional rental income. The current unit configuration includes one one-bedroom unit, one two-bedroom unit, one bachelor unit and an additional one-bedroom unit. Ideally situated near public transit, schools, parks, trails, restaurants, shopping and everyday amenities, with convenient highway access and downtown Hamilton just minutes away. Located in a high-demand rental area with strong cash-flow potential and a reported cap rate of approximately 8%.
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Additional Information
- Taxes
- $4,500
- Heat Type
- Radiant
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 4
- Exterior
- Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 3
- Parking Type
- Other
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Listing courtesy of REAL ESTATE ADVISORS INC..