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$1,249,000
Available - For Sale
Listing ID: X7358668
Introducing a remarkable investment opportunity for the savvy investor in the heart of the historic Stinson neighborhood! Nestled within a charming century home, this 6-unit multiplex exudes character and potential. The property boasts six, fully occupied units. Contemporary updates and renovations ensure that your tenants enjoy modern finishes, (shingles ' 13, boiler '13, wiring, plumbing, kitchens and bathrooms in 2012,). The desirable Stinson neighborhood, with it's quick mountain accesses, multiple parks and public transit options ensures strong demand for rental properties Don't miss the chance to own a piece of Stinson history while securing your financial future. This multi-unit century home, with its positive cash flow potential, represents an extraordinary investment opportunity in one of Hamilton's most sought-after neighborhoods. Act quickly and make your mark on this historic gem before it's gone!
Extras:   (2012) new wiring, new plumbing, new kitchens, new bathrooms, washer & dryer most units (2013) new shingles, new boiler, (2021) new hot water heaters x2 rented through Reliance
Price $1,249,000
Taxes: $8,185
Tax Type: Annual
Assessment: $617000
Assessment Year: 2023
Occupancy by: Tenant
Address: 145 Emerald St South , Hamilton, L8N 2V4, Ontario
Postal Code: L8N 2V4
Province/State: Ontario
Legal Description: LT 23, REGISTRAR'S COMPILED PLAN 1360 ;
Lot Size: 50.1 x 165.34 (Feet)
Directions/Cross Streets: North On Emerald From Stinson
Zoning: "E" Multiple dwe
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 4,764
Total Area Code:  Sq Ft
Office/Appartment Area: 4764
Office/Appartment Area Code: Sq Ft
Approximatly Age: 100+
Financial Statement: Y
Chattels: Y
Expenses Actual/Estimated: $Act
Sprinklers: N
Heat Type: Gas Hot Water
Central Air Conditioning: N
Elevator Lift: None
Sewers: San+Storm
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

145 Emerald St South , Hamilton, L8N 2V4, Ontario


 
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Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Stinson
Style:
Lot Size: 50.10 x 165.34(Feet)
Approximate Age: 100+
Tax: $8,185
Maintenance Fee: $0
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