$799,000Asking Price
Currently generating a strong 6.2% cap rate, this well-cared-for legal triplex is ideal for investors and owner-occupiers seeking turn-key income. Strong cashflow with easy potential to convert to a legal fourplex and further increase income. Reliable tenants. With all units above ground, this property has great character, natural light, green outdoor spaces, and ample parking in both front and rear. Main floor is a large 3-bedroom unit with basement, private fenced backyard, and shed. 2nd floor has a 1-bedroom unit with spacious kitchen and 2-bedroom unit with open-concept kitchen. Unit 2 & 3 share an additional semi-private backyard. All units have en-suite washer/dryers. Three hydro meters. Additional outdoor staircase to 2nd floor. INCOME & EXPANSION POTENTIAL - Unit 1 offers potential to be split into 2 separate units, with current layout with minimal changes and zoning (R1a) that allows up to four units. Additional income potential: basement with existing separate entrance, large attic with high ceilings. Prime family neighborhood, steps to the Escarpment Rail Trail (part of Bruce Trail) and stairs to Mountain. Excellent transit options: Wentworth/Stinson/Main Street buses, Hamilton GO Station, easy access to Mountain & highways, direct bus route to McMaster University. Close to schools, grocery stores, hospitals, restaurants, cafes. Strong rental demand, especially with grad students and medical professionals. Financial info and recent capital upgrades available upon request.
Currently generating a strong 6.2% cap rate, this well-cared-for legal triplex is ideal for investors and owner-occupiers seeking turn-key income. Strong cashflow with easy potential to convert to a legal fourplex and further increase income. Reliable tenants. With all units above ground, this property has great character, natural light, green outdoor spaces, and ample parking in both front and rear. Main floor is a large 3-bedroom unit with basement, private fenced backyard, and shed. 2nd floor has a 1-bedroom unit with spacious kitchen and 2-bedroom unit with open-concept kitchen. Unit 2 & 3 share an additional semi-private backyard. All units have en-suite washer/dryers. Three hydro meters. Additional outdoor staircase to 2nd floor. INCOME & EXPANSION POTENTIAL - Unit 1 offers potential to be split into 2 separate units, with current layout with minimal changes and zoning (R1a) that allows up to four units. Additional income potential: basement with existing separate entrance, large attic with high ceilings. Prime family neighborhood, steps to the Escarpment Rail Trail (part of Bruce Trail) and stairs to Mountain. Excellent transit options: Wentworth/Stinson/Main Street buses, Hamilton GO Station, easy access to Mountain & highways, direct bus route to McMaster University. Close to schools, grocery stores, hospitals, restaurants, cafes. Strong rental demand, especially with grad students and medical professionals. Financial info and recent capital upgrades available upon request.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | ||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom on Main Floor | ||||
| 1 3-Piece Bathroom | ||||
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Stinson, Hamilton is a west GTA neighbourhood notable for its singles, renters, business professionals, salespeople, tradespeople and manufacturing workers. Residents tend to be younger with a significant number of adults aged 25 to 49, 25 to 49 and 25 to 49.
Kids Per Family
0.9
kids per family
in the neighbourhood.
64%
of residents are
single and loving it.
64% singles
Hamilton (46%)
71%
of residents
are renters.
71% renters
Hamilton (32%)
26%
of residents are
university grads.
26% university grads
Hamilton (28%)Average Household Income
$62K
is the average household
income in the neighbourhood.
Professions
| Sales | 17% |
| Trades | 10% |
| Business | 9% |
| Government | 7% |
| Manufacturing | 6% |
23%
of residents were
born outside of Canada.
23% immigrants
Hamilton (25%)4.9% from Philippines
All-time
1.7% from Philippines
Recent
Foreign Languages
| French | 3% |
| Tagalog | 3% |
| Spanish | 2% |
| Arabic | 1% |
| Portuguese | 1% |
Religions
| Christian | 57% |
| Muslim | 3% |