158 Hunter Street E,Hamilton, ON L8N 1M7
Hamilton, ON L8N 1M7
Description
$90,840 GROSS ANNUAL RENT | $71,929 NET INCOME | 6.86% CAP RATE AT CURRENT LIST PRICE. A compelling opportunity for investorsseeking strong cash flow without taking on a major renovation project. Configured & operated as four self-contained rental suites, the propertyhas undergone extensive upgrades, including: new roof & eaves, furnace & A/C, sewer line to the City, updated copper water line, backwatervalve, 200-amp electrical service with separated panels, updated plumbing, windows, HVAC distribution, foundation restoration, exterior gradingcorrection, and significant interior renovations. City inspected during permitted renovations in compliance with fire/life-safety upgradesconsistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately2,385 sq ft (MPAC), with in-suite laundry throughout, updated kitchens & bathrooms, and excellent tenant appeal. Located in Corktown stepsfrom Hamilton GO Centre, St. Joseph's Healthcare, parks, the rail trail, Augusta Street restaurants, and downtown. Full income and expensebreakdown available.
Details
| MLS # | 40869427 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1885 |
| Days On Site | 14 |
| Listing Provided By | Real Broker Ontario Ltd. | George Palios |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 2,385 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | LMR-2 |
| Acreage | 0.04 |
Interior
| Appliances | Water Heater, Water Softener |
|---|---|
| Rooms Total | 21 |
| Interior Features | High Speed Internet, Upgraded Insulation, Water Meter |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Fireplaces Total | 0 |
| Laundry Features | In-Suite |
Exterior
| Lot Features | Urban, Dog Park, City Lot, Hospital, Park, Place of Worship, Public Transit, Shopping Nearby |
|---|---|
| Construction Materials | Brick, Stucco, Vinyl Siding |
| Roof | Asphalt Shing |
| Foundation Details | Stone |
| Security Features | Carbon Monoxide Detector(s), Security System |
Parking
| Garage Spaces | 0 |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Available |
|---|---|
| Sewer | Sewer (Municipal) |
Taxes
| Tax Annual Amount | 4943 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8N 1M7 |
| Area | 14 Hamilton Centre |
| Subarea | 142 Corktown |
| Community Name | 142 Corktown |
| Listing VS Median (in 142 Corktown) | |
Price: $999,999 low | high Med: $2,900 sqft: 2,385 low | high Med: 1,102 $ / sqft: $419 low | high Med: $3 On site: 14 low | high Med: 4 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8N 1M7 |
| Area | 14 Hamilton Centre |
| Subarea | 142 Corktown |
| Community Name | 142 Corktown |
| Listing VS Median (in 142 Corktown) | |
Price: $999,999 low | high Med: $2,900 sqft: 2,385 low | high Med: 1,102 $ / sqft: $419 low | high Med: $3 On site: 14 low | high Med: 4 | |
