$899,990Asking Price
Welcome to this fantastic investment opportunity located in a sought-after neighborhood on the West Mountain! This property features four plus one bedrooms, offering ample space for potential tenants and presenting an excellent opportunity for generating passive income. With a projected rental income of $5,000 per month, this property represents a strong investment for your portfolio. Currently, used as a rooming house, three out of five rooms are occupied, providing an immediate income stream with tenants on month-to-month leases, giving you flexibility for future plans. The property boasts a separate side entrance, enhancing privacy and convenience for tenants. You can choose to leave the property as is or take advantage of the significant potential to renovate it into a legal duplex or add additional bedrooms to the basement. Situated in a prime location, you'll find it near Buchanan Park, which offers lush green spaces ideal for outdoor activities. Its just a short distance from Mohawk College and various shopping amenities, making it particularly attractive for student rentals. Additionally, easy access to public transport ensures convenient commutes for all tenants. Don't miss this opportunity to invest in a property that combines excellent rental potential with a desirable location. Schedule a viewing today!
Welcome to this fantastic investment opportunity located in a sought-after neighborhood on the West Mountain! This property features four plus one bedrooms, offering ample space for potential tenants and presenting an excellent opportunity for generating passive income. With a projected rental income of $5,000 per month, this property represents a strong investment for your portfolio. Currently, used as a rooming house, three out of five rooms are occupied, providing an immediate income stream with tenants on month-to-month leases, giving you flexibility for future plans. The property boasts a separate side entrance, enhancing privacy and convenience for tenants. You can choose to leave the property as is or take advantage of the significant potential to renovate it into a legal duplex or add additional bedrooms to the basement. Situated in a prime location, you'll find it near Buchanan Park, which offers lush green spaces ideal for outdoor activities. Its just a short distance from Mohawk College and various shopping amenities, making it particularly attractive for student rentals. Additionally, easy access to public transport ensures convenient commutes for all tenants. Don't miss this opportunity to invest in a property that combines excellent rental potential with a desirable location. Schedule a viewing today!
See MoreRoom | Floor | Dimensions | Details | |
---|---|---|---|---|
1 | Kitchen | Main | 15.75' x 12.99' | Combined with Dining |
1 4-Piece Bathroom on Main Floor | ||||
1 2-Piece Bathroom |
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Buchanan, Hamilton is a west GTA neighbourhood notable for its executives, health and education, law & public sector professionals and tradespeople. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 25 to 34, 25 to 34 and 25 to 34 and seniors aged 85 & above.
Kids Per Family
1.1
kids per family
in the neighbourhood.
45%
of residents are
single and loving it.
45% singles
Hamilton (46%)
15%
of residents
are renters.
15% renters
Hamilton (32%)
27%
of residents are
university grads.
27% university grads
Hamilton (28%)Average Household Income
$105K
is the average household
income in the neighbourhood.
Professions
Sales | 13% |
Trades | 9% |
Government | 9% |
Business | 7% |
Health | 7% |
20%
of residents were
born outside of Canada.
20% immigrants
Hamilton (25%)2.3% from China
All-time
0.2% from China
Recent
Foreign Languages
Italian | 4% |
Mandarin | 2% |
Spanish | 2% |
French | 1% |
German | 1% |
Religions
Christian | 74% |
Muslim | 2% |