Investment opportunity on Hamilton Mountain! This property features six well-maintained residential units & 1 commercial lease, all fully tenanted, ensuring immediate rental income. Additionally, the property includes a billboard lease, further enhancing the income potential. Impressive overall cap rate of 6.05%, this property promises substantial returns.The residential units offer a mix of layouts 2- 2 bedrooms, 3- 1 bedrooms & 1 Bachelor, catering to diverse tenant needs, and are situated in a desirable neighborhood with easy access to amenities, public transport, and major highways. 8 parking spots. Don't miss out on this exceptional opportunity to expand your portfolio with a property that combines stability, growth potential, and a prime location on Hamilton Mountain. (id:57069)
BusinessType | Other |
MLS® Number | XH4195164 |
Property Type | Other |
ParkingSpaceTotal | 8 |
HeatingType | No Heat |
SizeExterior | 5000.0000 |
SizeInterior | 5000 Sqft |
UtilityWater | Municipal Water |
Acreage | No |
Sewer | No Sewage System |
SizeDepth | 127 Ft |
SizeFrontage | 50 Ft |
SizeTotalText | Under 1/2 Acre |
ZoningDescription | C5 |
https://www.realtor.ca/real-estate/27429532/570-upper-wellington-street-hamilton
(905) 575-7700
(905) 575-1962
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