Rarely offered purpose-built legal 8-Unit investment property in the highly sought-after Stinson neighborhood! This low-maintenance, 3-storey walk-up features separate hydro meters, 8 parking spaces, and spacious 700+sf units occupied by A+ tenants. The building boasts a fantastic suite mix of 6 x 2-bedroom units and 2 x 1-bedroom units, with durable brick and concrete construction and classic terrazzo floors. Gross income of $157,000m, potential to reach $189,000. This turnkey 8-Unit Building has been well cared for with significant capital expenditures. Updates including Heat Pumps and In-Suite Laundry (4/8 units), Parapet Wall Capping (2020), Fire Systems (2021), and more. Coin laundry onsite. Situated at the edge of the escarpment, this premium location is minutes from the Hamilton GO Centre, Hamilton General Hospital, transit stops, and all the amenities of downtown Hamilton, making it a prime choice for tenants. Dont miss this exceptional investment opportunity with strong cash flow and long-term upside. Financials available upon request. (id:56069)
| MLS® Number | X11176922 |
| Property Type | Multi-family |
| Community Name | Stinson |
| Amenities Near By | Hospital, Public Transit, Schools, Park |
| Community Features | Community Centre |
| Parking Space Total | 8 |
| Bathroom Total | 8 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 5 |
| Bedrooms Total | 14 |
| Amenities | Separate Electricity Meters, Separate Heating Controls |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 86 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 86 Ft |
| Size Total Text | 66 X 86 Ft |
| Zoning Description | E |
https://www.realtor.ca/real-estate/27732830/145-victoria-avenue-s-hamilton-stinson-stinson
Contact us for more information
Jake Novis
Salesperson
(905) 844-7788
(905) 784-1012
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