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Investment For Sale In Hamilton, Ontario


420 EAST 42ND Street, Hamilton, Ontario, L8T 3A9

  • $3,900,000

Property Information:

Fantastic Investment Opportunity!! Solid, Very Clean and Exceptionally Well Maintained Residential Apartment Building. Property Zoned for 22 Units - currently consists of 23 Units. 22 Units - 2Bedrm & 1 Unit - 3 Bedrm. Located on Hamilton Mountain in an Excellent Rental Area. Near Shopping, Schools, Public Transit and the LINC. Estimated Net Income = $178,000 . Over $500,000 in Renovations & Upgrades in 2013 including: Roof, Windows, Balconies, Siding, Brickwork Re-pointing, Washrooms, Plumbing and more. 23 Fridges, 23 Stoves & Coin Laundry Equipment Included. Fully Tenanted. Substantial UPSIDE POTENTIAL in 14 of the 23 Units. All measurements & square footage are approximate and to be verified by Buyer. All other information provided by Seller or Listing Brokerage to be Verified by Buyer. ALLOW 72 HRS. IRREVOCABLE ON ALL OFFERS. Include Schedule B & O.S.D. (Form 801) with all Offers. 48 HRS. NOTICE REQUIRED FOR ALL SHOWINGS. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Architectural Style: 3 Level, Multi-Unit
  • Basement Type: None
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick, Other
  • Fire Protection: Smoke Detectors
  • Foundation Type: Poured Concrete
  • Heating Type: Baseboard heaters, Boiler
  • Heating Fuel: Natural gas

Property Features:

  • Property Type: Multi-family
  • Features: Paved driveway, Laundry- Coin operated
  • Floor Space (approx): 18000.00
  • Lot Depth: 199.0 Feet
  • Lot Frontage: 100.0 Feet
  • Lot Size: 100 x 199.27
  • Sewer: Municipal sewage system
  • Parking Type: No Garage
  • No. of Parking Spaces: 24

Courtesy of: Corona Realty Inc.

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Location of 420 EAST 42ND Street, Hamilton, Ontario, L8T 3A9

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