Key Facts
- MLS® #: X8152754
- Property ID: SIRC1830724
- Property Type: Residential, Duplex
- Lot Size: 5,000 sq.ft.
- Year Built: 100
- Bedrooms: 3+1
- Bathrooms: 2
- Additional Rooms: Den
- Parking Spaces: 4
- Listed By:
- HARVEY KALLES REAL ESTATE LTD.
Property Description
Legal duplex opportunity! Ideal for first-time homebuyers looking to minimize their monthly payments or investors focused on long-term ROI potential. Located in the highly sought-after Blakely neighborhood, this property is a valuable find. Currently fully leased, it generates approximately $41,000 in annual revenue with a net operating income (NOI) of $31,700, reflecting a cap rate of about 4.5%. Featuring a vast double lot and a third separate entrance, there's substantial scope for further development and additional income for a savvy investor. First-time buyers can significantly reduce their living expenses by occupying one unit and renting out the other, potentially saving between $1,500 to $2,000 monthly. Even the garage contributes to the revenue, being rented out separately. This property is not only a lucrative investment but also a smart way to reduce housing costs. Prospective buyers should verify all financials and conduct their due diligence, as the figures presented are based on the listing date and may have changed. All tenants are willing to stay.
Rooms
- TypeLevelDimensionsFlooring
- Living roomMain11' 8.1" x 10' 9.9"Other
- BedroomMain10' 2" x 9' 6.1"Other
- BedroomMain11' 5.7" x 8' 5.9"Other
- KitchenMain12' 9.4" x 10' 11.8"Other
- Dining roomMain12' 6" x 10' 7.8"Other
- Living roomUpper16' 8" x 12' 7.9"Other
- BedroomUpper11' 6.1" x 10' 11.8"Other
- BedroomUpper9' 6.1" x 10' 11.8"Other
Listing Agents
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Location
260 Prospect St S, Hamilton, Ontario, L8M 2Z9 Canada
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- Principal and Interest 0
- Property Taxes 0
- Strata / Condo Fees 0
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