125 SANFORD AVENUE N, Hamilton, Ontario, L8L 5Z4

$799,900

MLS® # X8460930

Investment For Sale In Gibson, Hamilton, Ontario

$799,900

Property Information:

Attention all investors! This cash-positive ($800 cash at the asking price) legal duplex currently generates $6,039 per month, or $71,268 annually, in gross rent, with the potential to generate $6,239 per month, or $74,868 per year. Well-maintained, this investment property features 2 hydro meters, 4 rear parking spots, a furnace installed in 2022, a tankless hot water heater from 2023, and a flat roof updated in 2022. The basement, accessible via a separate side entrance, includes coin-operated laundry and ample storage space, with potential to add a fourth rental unit. A major renovation, completed with permits, included updates to wiring (copper), plumbing (copper/ABS), windows, drywall construction, doors, and trims. The loft unit just became rented on June 1st for $1,450 per month. This smoke-free and pet-free property is an exceptional investment opportunity, ready to enhance your portfolio. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Partially finished
  • Basement Type: Partial
  • Exterior Finish: Brick, Vinyl siding
  • Foundation Type:
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Dryer, Oven, Range, Refrigerator, Stove, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 7
  • Bathrooms: 3
  • Amenities Nearby: Hospital, Park, Public Transit
  • Features: Lane
  • Irregular: Yes
  • Lot Size: 26.05 x 94.15 FT
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 4

Rooms:

  • Bedroom 2nd Level 3.30 m x 4.47 m
  • Bedroom 2nd Level 2.79 m x 3.99 m
  • Bedroom 2nd Level 3.05 m x 3.53 m
  • Bathroom 2nd Level Measurements not available
  • Kitchen 2nd Level 3.05 m x 3.05 m
  • Bedroom 3rd Level 3.96 m x 4.11 m
  • Family 3rd Level 3.66 m x 4.27 m
  • Kitchen Main Level 3.56 m x 2.97 m
  • Bedroom Main Level 4.06 m x 3.96 m
  • Bedroom Main Level 5.05 m x 3.15 m
  • Bedroom Main Level 4.50 m x 3.66 m
  • Bathroom Main Level Measurements not available

Courtesy of: KELLER WILLIAMS COMPLETE REALTY

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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