Incredible Investment Opportunity In Central Hamilton With A Turnkey Legal Non-Conforming Duplex Operating As A Triplex For Over 30 Years, Now With Potential To Add A Laneway Suite. Nestled On A Picturesque Tree-Lined Street Directly Across From St. Brigid School. Professionally Waterproofed, Upgraded Electrical, And All Units Have Been Tastefully Updated. Additionally, There?s A Detached Workshop With Electricity, Perfect For Hobbyists Or Additional Storage. Over 3,000 Sq Ft Of Living Space Across Three Units: An Approx 1,000 Sq Ft Main Floor 2 Bed Unit, An Approx 1,500 Sq Ft Upper 3 Bed Unit Including A Loft With, And A Cozy Approx 725 Sq Ft Lower 1 Bed Unit. Very Rare - Each Unit Has Its Own Laundry For Utmost Convenience. No Carpeting In Any Of The Units Ensures Ease Of Maintenance. High-Efficiency Forced Air Gas Furnace Installed In 2018, Two 100A Breaker Panels Updated In 2014. Parking Is Ample, With A Front 2 Car Driveway And Additional Space At The Rear. Main Floor Unit Currently Vacant, Offering Potential Rental Income Of $2,200/Month, Upper And Lower Units Are Tenant-Occupied, Bringing In $1,590/Month Plus Hydro And $922.50 /Month Inclusive, Respectively. Tenants Are Month To Month. Easy Access To Local Amenities, Schools, And Public Transportation. Please Note, The Seller Does Not Warrant The Retro-Fit Status Of The Property. Seize This Unique Opportunity To Own A Versatile Property With Excellent Income And The Chance To Further Develop, Or Purchase As A Mortgage Helper. (id:4069)
Address |
51 SMITH Avenue |
List Price |
$799,900 |
Property Type |
Multi-family |
Type of Dwelling |
Triplex |
Area |
Ontario |
Sub-Area |
Hamilton |
Bedrooms |
6 |
Bathrooms |
3 |
Floor Area |
2,000 Sq. Ft. |
Year Built |
1891 |
MLS® Number |
40572427 |
Listing Brokerage |
Rock Star Real Estate Inc., Brokerage
|
Basement Area |
Full (Finished) |
Postal Code |
L8L5P2 |
Zoning |
D |
Site Influences |
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping |