$ 985,000
13 WESTINGHOUSE Avenue Hamilton, ON L8L6E4
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$ 985,000
Est. payment | /mo
9 Beds
6 Baths
2,084 SqFt
$ 985,000
Est. payment | /mo
9 Beds
6 Baths
2,084 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,084 sqft
Price per Sqft $472
Subdivision 200 - Gibson/Stipley
MLS® Listing ID 40679839
Bedrooms 9
Originating Board The Oakville, Milton & District Real Estate Board
Year Built 1915
Property Description
Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters. Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. (id:24570)
Location
Province ON
Interior
Heating Forced air, Heat Pump,
Cooling Ductless
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Keller Williams Signature Realty, Brokerage