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$859,900
Available - For Sale
Listing ID: X11997322
Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Appraised for $975k in Aug 2024. Financials available upon request.
Price $859,900
Taxes: $4,727
Tax Type: Annual
Assessment: $332000
Assessment Year: 2024
Occupancy by: Tenant
Address: 13 WESTINGHOUSE Aven , Hamilton, L8L 6E4, Hamilton
Postal Code: L8L 6E4
Province/State: Hamilton
Legal Description: PT LT 32, PL 167 , AS IN CD459664; S/T &
Lot Size: 25.58 x 102.22 (Feet)
Directions/Cross Streets: Westinghouse Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Building Percentage: T
Total Area: 3,100
Total Area Code:  Square Feet
Area Influences: Public Transit  
Taxes Expense: $4727
Insurance Expense: $6057
Maintenance: 0
 Heat Expenses: $2072
 Hydro Expense:  $1179
Water Expense: $2243
Gross Income/Sales: $75718
Year Expenses: 2024
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Close
Central Air Conditioning: Partial
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Keller Williams Signature Realty, Brokerage

13 WESTINGHOUSE Aven , Hamilton, L8L 6E4, Hamilton


 
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At a Glance:
Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Gibson
Style:
Lot Size: 25.58 x 102.22(Feet)
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Tax: $4,727
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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