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Gurdev Singh Virk

realtorgsvirk@gmail.com +1(647) 530-4840

$ 875,000

Est. payment | -/mo

6 Beds

3 Baths

Save

$ 875,000

Est. payment | -/mo

Save

6 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Durand

MLS Listing ID X13580102

Style 2 1/2 Storey

Bedrooms 6

Annual Tax Amount $6,960

Tax Year 2026

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Hamilton

Area Hamilton

Rooms

Basement Apartment, Separate Entrance, Finished

Kitchen 3

Interior

Interior Features Accessory Apartment, Separate Hydro Meter, Water Heater

Cooling Central Air, Wall Unit(s)

Fireplaces Number 1

Fireplaces Type Natural Gas

Inclusions 3 refrigerators, 3 stoves, 1 coin-operated clothes washer, 1 coin-operated clothes dryer and all existing electric light fixtures.

Exterior

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 1

Building

Foundation Unknown

Lited by RIGHT AT HOME REALTY

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 530-4840

realtorgsvirk@gmail.com

Learn More About LPT Realty

317 Queen ST S Hamilton, ON L8P 3T6