$849,000Asking Price
Legal triplex in Central Hamilton offering nearly 2,500 square feet of finished space, with potential for a 4th Unit. This cash-flowing asset generates over $5,170 in monthly income and is set up for efficient management with 3 hydro meters, 3 gas meters, 2 furnaces, and 3 hot water tanks. All units feature in-suite laundry, and tenants pay their own gas and hydro, keeping operating expenses low. Unit 1 features a main-floor two-bedroom with basement storage, tenanted for $1,950 plus utilities. Unit 2 is a second-floor 2-bedrooam rented at $1,520 plus utilities. Unit 3 is a Vacant third floor 2-bed, currently vacant with a market rate of $1,700 + utilities. Additional value lies in 2-car driveway parking and TOC zoning, which allows for the opportunity to unlock further income through a 4th basement Unit. Located between Main and King streets along the future LRT plans, this property is positioned for long-term growth with proximity to Jackson Square, Hamilton GO Centre, and Hamilton General Hospital. This is an ideal opportunity for investors seeking stable income and future upside.
Legal triplex in Central Hamilton offering nearly 2,500 square feet of finished space, with potential for a 4th Unit. This cash-flowing asset generates over $5,170 in monthly income and is set up for efficient management with 3 hydro meters, 3 gas meters, 2 furnaces, and 3 hot water tanks. All units feature in-suite laundry, and tenants pay their own gas and hydro, keeping operating expenses low. Unit 1 features a main-floor two-bedroom with basement storage, tenanted for $1,950 plus utilities. Unit 2 is a second-floor 2-bedrooam rented at $1,520 plus utilities. Unit 3 is a Vacant third floor 2-bed, currently vacant with a market rate of $1,700 + utilities. Additional value lies in 2-car driveway parking and TOC zoning, which allows for the opportunity to unlock further income through a 4th basement Unit. Located between Main and King streets along the future LRT plans, this property is positioned for long-term growth with proximity to Jackson Square, Hamilton GO Centre, and Hamilton General Hospital. This is an ideal opportunity for investors seeking stable income and future upside.
See MoreRoom | Floor | Dimensions | Details | |
---|---|---|---|---|
1 4-Piece Bathroom on Main Floor | ||||
1 4-Piece Bathroom | ||||
1 4-Piece Bathroom |
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Landsdale, Hamilton is a west GTA neighbourhood notable for its singles, renters and tradespeople. It has a higher than average population of immigrants, particularly those from Portugal, and Portuguese speakers. Residents tend to be younger with a significant number of babies, kids aged 5 to 9, youth aged 20 to 24 and adults aged 25 to 44, 25 to 44 and 25 to 44.
Kids Per Family
1.2
kids per family
in the neighbourhood.
58%
of residents are
single and loving it.
58% singles
Hamilton (46%)
62%
of residents
are renters.
62% renters
Hamilton (32%)
16%
of residents are
university grads.
16% university grads
Hamilton (28%)Average Household Income
$55K
is the average household
income in the neighbourhood.
Professions
Sales | 14% |
Trades | 11% |
Business | 6% |
Manufacturing | 5% |
Government | 5% |
29%
of residents were
born outside of Canada.
29% immigrants
Hamilton (25%)6.3% from Portugal
All-time
0.4% from Syria
Recent
Foreign Languages
Portuguese | 7% |
Vietnamese | 3% |
Spanish | 2% |
Italian | 2% |
French | 2% |
Religions
Christian | 68% |
Muslim | 3% |
Buddhist | 2% |