Hamilton L8V 3Z2

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 3 BR
Bathrooms: 2
Pets: Pets No

Financials

Price:C699,900
($499,960)
(€430,981)
Annual Taxes:C4,300
505 Park Ave, New York, NY 10022

Description

Great investment opportunity on the East Hamilton Mountain near parks, green space and commercial shopping centre! 2 units- main floor features 2 bed, 1 bath open concept throughout, two sets of in-suite laundry & large bedrooms with a front and rear deck. Lower unit is a 1 bed, 1 bath unit with an upgraded kitchen and bathroom that features a private side deck leading to the unit. Sitting on a generous lot (with ample 4 car parking), the opportunity continues with a large detached 434 square foot garage perfectly set for a garage suite conversion/storage that includes R1 zoning allowing no red tape! Unrestricted street parking. Garage was resided and re-shingled in 2021. Garage could also be easily rented out separately for $200+. Current AAA tenants (upper & lower) paying $3750/month combined +100% of utilities! Easy legal triplex conversion for more cash flow and value add! 20% downpayment, 4.25% interest rate, 30 year amortization enables positive cash flow!

Amenities

  • Primary Bedroom - Main Floor
  • Water Heater

Great investment opportunity on the East Hamilton Mountain near parks, green space and commercial shopping centre !


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.