13 Westinghouse Avenue Hamilton, Ontario L8L 6E4
$985,000
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. Financials available upon request. (id:50886)
Property Details
| MLS® Number | X10440794 |
| Property Type | Multi-family |
| Community Name | Gibson |
| AmenitiesNearBy | Park, Public Transit, Hospital |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 9 |
| BedroomsTotal | 9 |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 1999.983 - 2499.9795 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Park, Public Transit, Hospital |
| Sewer | Sanitary Sewer |
| SizeDepth | 102 Ft ,2 In |
| SizeFrontage | 25 Ft ,7 In |
| SizeIrregular | 25.6 X 102.2 Ft |
| SizeTotalText | 25.6 X 102.2 Ft |
| ZoningDescription | M6 |
https://www.realtor.ca/real-estate/27732827/13-westinghouse-avenue-hamilton-gibson-gibson
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Jake Novis
Salesperson
245 Wyecroft Rd - Suite 4b
Oakville, Ontario L6K 3Y6
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December 18 2024 04:55:46
Oakville, Milton & District Real Estate Board
Keller Williams Signature Realty, Brokerage