480 King William Street Hamilton, Ontario L8L 1R3
$1,100,000
Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for. (id:50886)
Property Details
| MLS® Number | X11892618 |
| Property Type | Single Family |
| Community Name | Landsdale |
| AmenitiesNearBy | Public Transit, Schools |
| EquipmentType | None |
| Features | Lane, Carpet Free |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | None |
| Structure | Porch, Deck |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 4 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dishwasher, Dryer, Hood Fan, Range, Refrigerator, Stove, Washer |
| BasementDevelopment | Finished |
| BasementFeatures | Apartment In Basement, Walk Out |
| BasementType | N/a (finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Vinyl Siding |
| FireProtection | Smoke Detectors |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 1499.9875 - 1999.983 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 108 Ft ,6 In |
| SizeFrontage | 28 Ft ,7 In |
| SizeIrregular | 28.6 X 108.5 Ft |
| SizeTotalText | 28.6 X 108.5 Ft |
| ZoningDescription | R1a |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 2.16 m | 1.99 m | 2.16 m x 1.99 m |
| Second Level | Primary Bedroom | 3.07 m | 3.16 m | 3.07 m x 3.16 m |
| Second Level | Bedroom 2 | 3.05 m | 2.99 m | 3.05 m x 2.99 m |
| Second Level | Kitchen | 2.88 m | 4.11 m | 2.88 m x 4.11 m |
| Third Level | Bathroom | 1.4 m | 2.5 m | 1.4 m x 2.5 m |
| Third Level | Primary Bedroom | 3.48 m | 4.1 m | 3.48 m x 4.1 m |
| Basement | Bathroom | 2.53 m | 1.5 m | 2.53 m x 1.5 m |
| Basement | Primary Bedroom | 2.78 m | 4.65 m | 2.78 m x 4.65 m |
| Main Level | Bathroom | 2.01 m | 3.052 m | 2.01 m x 3.052 m |
| Main Level | Primary Bedroom | 2.98 m | 4.85 m | 2.98 m x 4.85 m |
| Main Level | Kitchen | 3.04 m | 5.42 m | 3.04 m x 5.42 m |
| Main Level | Living Room | 3.04 m | 4.35 m | 3.04 m x 4.35 m |
https://www.realtor.ca/real-estate/27737247/480-king-william-street-hamilton-landsdale-landsdale
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Matt Greiner Matt Greiner
Salesperson
201-30 Eglinton Ave West
Mississauga, Ontario L5R 3E7
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December 14 2024 02:08:53
Toronto Real Estate Board
Royal LePage Signature Realty