$699,900

Investment For Sale In Raleigh, Hamilton, Ontario

$699,900

Property Information:

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% down payment, 4.25% interest rate, 30 year amortization enables positive cash flow! (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Architectural Style: Bungalow
  • Basement Development: Finished
  • Basement Type: N/A, N/A
  • Exterior Finish: Vinyl siding
  • Floor Space: 700 - 1100 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: All

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 2+1
  • Bathrooms: 2
  • Floor Space (approx): 700 - 1100 Square Feet
  • Irregular: Yes
  • Lot Depth: 100 Feet
  • Lot Frontage: 46.7 Feet
  • Lot Size: 46.7 x 100 FT
  • Zoning: R1
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 4

Rooms:

  • Kitchen Basement Level 3.56 m x 3.35 m
  • Living Basement Level 5.38 m x 3.48 m
  • Bedroom Basement Level 3.35 m x 3.20 m
  • Bathroom Basement Level 2.54 m x 1.45 m
  • Laundry Basement Level 2.87 m x 1.60 m
  • Kitchen Main Level 3.53 m x 3.43 m
  • Living Main Level 5.69 m x 3.48 m
  • Bedroom Main Level 4.11 m x 3.53 m
  • Bedroom Main Level 3.53 m x 2.82 m
  • Bathroom Main Level 2.49 m x 2.03 m

Courtesy of: REVEL REALTY INC.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.