Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,500 Unit 3: $1,750. Unit 2 tenant is moving out and vacant possession will be available. Buyer can move in or set rental to $1,900. With a gross annual income of $73,800 and an impressive cap rate of 5.40%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Dont miss out on this exceptional investment opportunity!
MLS# | X11933956 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 93 |
Listing Provided By | RE/MAX ABOUTOWNE REALTY CORP. | X11933956 083603 |
Bed(s) | 5 |
---|---|
SQ Feet | 1,747 |
Acreage | 0.04 |
Province | ON |
---|---|
County | Hamilton |
City | Hamilton |
Postal Code | L8R 2Z7 |
Area | Strathcona |
Listing VS Median (In L8R 2Z7) | |
Price: $1,125,000 low | high Med: $1,125,000 SqFt: 1,747 low | high Med: 1,747 $ / SqFt: $644 low | high Med: $644 On site: 93 low | high Med: 93.000000 |