68 KINRADE Avenue, Hamilton, Ontario, L8L 6L6

$649,999

MLS® # XH4197214

House For Sale In Gibson, Hamilton, Ontario

$649,999

  • 5+2

    Bedrooms

  • 3

    Baths

  • 2

    Parking Spaces

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: Detached
  • Building Type: House
  • Air Conditioning: Yes
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Aluminum siding, Metal, Other, Vinyl siding
  • Foundation Type: Block
  • Heating Type: Baseboard heaters, Heat Pump
  • Heating Fuel: Natural gas

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 5+2
  • Bathrooms: 3
  • Features: Paved driveway, No Driveway
  • Lot Depth: 90.0 Feet
  • Lot Frontage: 22.0 Feet
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 2

Rooms:

  • Laundry 2nd Level ' x '
  • Bathroom 2nd Level 7' x 6'
  • Bedroom 2nd Level 10'7'' x 10'5''
  • Bedroom 2nd Level 10'7'' x 8'10''
  • Living 2nd Level 17'3'' x 10'
  • Kitchen 2nd Level 17'3'' x 10'
  • Storage 3rd Level 7'4'' x 7'5''
  • Bedroom 3rd Level 14'6'' x 9'10''
  • Utility Basement Level ' x '
  • Laundry Basement Level ' x '
  • Bathroom Basement Level 5'6'' x 9'5''
  • Bedroom Basement Level 12' x 9'10''
  • Bedroom Basement Level 12' x 14'
  • Living Basement Level 16'6'' x 9'8''
  • Kitchen Basement Level 9'2'' x 9'4''
  • Laundry Main Level ' x '
  • Bathroom Main Level 9'4'' x 5'
  • Bedroom Main Level 10'10'' x 11'
  • Bedroom Main Level 12'7'' x 10'11''
  • Living Main Level 17'2'' x 11'4''
  • Kitchen Main Level 10'10'' x 9'4''

Courtesy of: RE/MAX Real Estate Centre Inc.

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.

Additional Photos