317 QUEEN STREET S, Hamilton, Ontario, L8P 3T6

MLS® # X13580102

Investment For Sale In Durand, Hamilton, Ontario

$875,000

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317 Queen Street S, Hamilton, ON - Outdoor With Facade

317 Queen Street S, Hamilton, ON - Outdoor With Deck Patio Veranda With Facade

317 Queen Street S, Hamilton, ON - Outdoor

317 Queen Street S, Hamilton, ON - Indoor Photo Showing Other Room

317 Queen Street S, Hamilton, ON - Indoor Photo Showing Living Room With Fireplace

317 Queen Street S, Hamilton, ON - Indoor Photo Showing Kitchen With Double Sink

317 Queen Street S, Hamilton, ON - Indoor Photo Showing Bathroom

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317 QUEEN STREET S, Hamilton, Ontario, L8P 3T6

$875,000

Property Information:

Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Amenities: Separate Hydro Meters
Basement Development: Finished
Basement Type: N/A, N/A, N/A
Exterior Finish: Brick
Fireplace: Yes
Floor Space: 2000 - 2500 sqft Square Feet
Foundation Type: Unknown
Heating Type: Forced air, Heat Pump
Heating Fuel: Electric, Natural gas
Cooling Type: Central air conditioning, Wall unit
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 130 Feet
Lot Frontage: 25 Feet
Lot Size: 25 x 130 FT
Utility Type: Cable - Available, Sewer - Installed, Hydro - Installed
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 1

Rooms:

Living 2nd Level 5.59 m x 3.35 m
Dining 2nd Level 3.10 m x 3.10 m
Kitchen 2nd Level 3.10 m x 4.10 m
Bedroom 2nd Level 3.65 m x 3.78 m
Primary Bedroom 3rd Level 3.85 m x 5.13 m
Bedroom 3rd Level 3.56 m x 5.99 m
Living Basement Level 5.05 m x 3.80 m
Kitchen Basement Level 2.29 m x 3.40 m
Primary Bedroom Basement Level 5.05 m x 2.97 m
Living Main Level 4.10 m x 3.95 m
Primary Bedroom Main Level 3.65 m x 4.55 m
Bedroom Main Level 2.74 m x 4.25 m
Kitchen Main Level 2.74 m x 4.25 m

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Courtesy of: RIGHT AT HOME REALTY

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Sales/Price History

Market Price Trends

Single family detached

-4.67%

Price change (1 year)

28.17%

Price change (5 years)

All Properties

-5.67%

Price change (1 year)

24.73%

Price change (5 years)

Location of 317 QUEEN STREET S, Hamilton, Ontario, L8P 3T6

Lifestyle
Neighbourhood

Demographic Information of 317 QUEEN STREET S, Hamilton, Ontario, L8P 3T6

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$163,823.78

Average Number of Children

1.78

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.0 %

High school certificate or equivalent

17.56 %

Apprenticeship trade certificate/diploma

2.44 %

College/non-university certificate

15.81 %

University certificate (below bachelor)

3.69 %

University Degree

51.5 %

Commuter

Travel To Work

By Car

76.22 %

By Public Transit

5.98 %

By Walking

10.27 %

By Bicycle

2.24 %

By Other Methods

5.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

35.73 %

Houses

64.27 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Rooms:

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Sales/Price History

Market Price Trends

Single family detached

All Properties

Location of 317 QUEEN STREET S, Hamilton, Ontario, L8P 3T6

Demographic Information of 317 QUEEN STREET S, Hamilton, Ontario, L8P 3T6

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

317 QUEEN STREET S, Hamilton, Ontario, L8P 3T6

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing