68 Kinrade Avenue, Hamilton, ON, L8L 6L6 - investment for sale | Listing ID H4204751

68 KINRADE Avenue, Hamilton, Ontario, L8L 6L6

MLS® # H4204751

Investment For Sale In Gibson, Hamilton, Ontario

$649,999

Details
Map
Demographics
Street View
Get Directions

MAIN LEVEL - 68 Kinrade Avenue, Hamilton, ON

UPPER LEVEL - 68 Kinrade Avenue, Hamilton, ON

LOWER LEVEL - 68 Kinrade Avenue, Hamilton, ON

Advertising

MULTIMEDIA

Videos

Home Insurance - TD Insurance

Get a home insurance quote online for this $649,999 property in Hamilton

Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $649,999 property in Hamilton

Provided by TD Insurance

ACTIVE

68 KINRADE Avenue, Hamilton, Ontario, L8L 6L6

$649,999

Property Information:

Cash Flow Goldmine in Gibson/Stipley! Projected Income of $81,000 with Unheard-of Cap Rate. Don’t Miss This Legal Fully vacant triplex is an absolute standout, offering unique potential to have your mortgage paid for you. Whether you’re an investor or homeowner looking to live in one unit while renting the others, the potential is undeniable. With projected annual rent of approx. $81,000 and estimated expenses of around $6,800, this property could deliver a potential Net Operating Income (NOI) of $74,200, offering unheard-of returns with double-digit cap rate. Each of the three fully renovated units boasts nearly 1,000 sq. ft. of living space, in-suite laundry, modern kitchens w/new flring, upgraded plumbing, electrical wiring, fully renovated bathrms, and all appliances. Recent waterproofing ensures the property is protected for years to come. Separate gas and hydro meters for each unit keep operating costs low, making this property a potential cash flow powerhouse. Located in one of Hamilton’s most vibrant neighborhoods, just steps from Tim Hortons Field, home of the Hamilton Tiger-Cats, & near Gage Park & trendy dining spots, this property’s location is ideal for tenants & owners alike. Whether you’re looking to capitalize on this investment or settle into one of the units while renting out the others, this triplex offers a stress-free ownership experience with everything already upgraded from top to bottom. Don’t miss out on this incredible income-generating potential! (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Architectural Style: Multi-Unit
Basement Development: Finished
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Aluminum siding, Metal, Other, Vinyl siding
Fire Protection: Unknown
Foundation Type: Block
Heating Type: Baseboard heaters
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dryer, Microwave, Refrigerator, Stove, Washer

Property Features:

Property Type: Multi-family
Features: Paved driveway
Irregular: Yes
Lot Depth: 90.0 Feet
Lot Frontage: 21.0 Feet
Lot Size: 21.71 x 90
Sewer: Municipal sewage system
Parking Type: No Garage
No. of Parking Spaces: 2

Courtesy of: RE/MAX Real Estate Centre Inc.

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

More Detail

Less Detail

Sales/Price History

Market Price Trends

Location of 68 KINRADE Avenue, Hamilton, Ontario, L8L 6L6

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

47/100

Moderate

ClimateCheck®

Current data

This property, 68 KINRADE Avenue , experiences 7 hot days per year at around 32.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 35.6 degrees Celsius.

Projected Avg. Temperature

Past

32.1℃

2050

35.6℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 68 KINRADE Avenue , experiences 11 significant 2-day storms per year, with about 306.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 381.7mm of precipitation per year.

Precipitation Per Storm

Past

306.7mm

2050

381.7mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

More Detail

Less Detail

Demographic Information of 68 KINRADE Avenue, Hamilton, Ontario, L8L 6L6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,729.10

Average Number of Children

1.78

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

31.11 %

High school certificate or equivalent

31.87 %

Apprenticeship trade certificate/diploma

6.75 %

College/non-university certificate

18.47 %

University Degree

11.81 %

Commuter

Travel To Work

By Car

74.66 %

By Public Transit

14.79 %

By Walking

5.44 %

By Bicycle

0.0 %

By Other Methods

5.11 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.94 %

Houses

86.06 %

Own Vs. Rent

More Detail

Less Detail

Property Information:

Building Features:

Property Features:

Sales/Price History

Market Price Trends

Location of 68 KINRADE Avenue, Hamilton, Ontario, L8L 6L6

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 68 KINRADE Avenue, Hamilton, Ontario, L8L 6L6

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

68 KINRADE Avenue, Hamilton, Ontario, L8L 6L6

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Log In

Create an account to:

Create Account

Complete Account Verification