16 Rutherford Avenue,Hamilton, ON L8M 1Y4
Hamilton, ON L8M 1Y4
Description
Four self-contained units with separate entrances on a tree-lined street in Hamilton's St. Clair neighbourhood. 16 Rutherford Ave is a legal triplex with a fully finished lower level, offering two 2 bedroom units and a 1 bedroom unit above grade plus a second 2 bedroom suite below, for seven bedrooms in all. Two units are tenanted and producing income today. The other two are vacant, giving you something most income properties never offer: the freedom to choose your own tenants, set your own rents, or move in and let the building help carry your mortgage. Fully leased, the property offers a potential cap rate of approximately 7% based on projected rents and current operation costs. Steps from Gage Park and minutes to the shops and cafes of Ottawa Street, the escarpment trails and public transit.
Details
| MLS # | 40871273 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 8 |
| Listing Provided By | Homelife Professionals Realty Inc. | Vali Mikho |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,226 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | C |
| Acreage | 0.07 |
Interior
| Appliances | Refrigerator, Stove |
|---|---|
| Interior Features | Other |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Laundry Features | None |
Exterior
| Lot Features | Ample Parking, City Lot, Hospital, Park, Place of Worship, Public Transit, Schools, Shopping Nearby |
|---|---|
| Construction Materials | Brick Veneer |
| Roof | Asphalt Shing |
| Foundation Details | Block |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 4422.55 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8M 1Y4 |
| Area | 20 Hamilton Centre |
| Subarea | 202 Gibson | Stipley South |
| Community Name | 202 Gibson/Stipley South |
| Listing VS Median (in 202 Gibson/Stipley South) | |
Price: $679,990 low | high Med: $2,500 sqft: 2,226 low | high Med: 2,000 $ / sqft: $305 low | high Med: $1 On site: 8 low | high Med: 3 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8M 1Y4 |
| Area | 20 Hamilton Centre |
| Subarea | 202 Gibson | Stipley South |
| Community Name | 202 Gibson/Stipley South |
| Listing VS Median (in 202 Gibson/Stipley South) | |
Price: $679,990 low | high Med: $2,500 sqft: 2,226 low | high Med: 2,000 $ / sqft: $305 low | high Med: $1 On site: 8 low | high Med: 3 | |
