8 Nightingale Street Hamilton, Ontario L8L 1R6
$899,000
Welcome to 8 Nightingale, where investment dreams take flight! Nestled in the coveted Lansdale neighborhood just a stone's throw away from downtown, this expansive 2,022 square foot legal triplex promises not just a property, but a promising investment for astute buyers. Boasting four generously sized 2-bedroom units, this residence stands as a beacon of lucrative possibilities. With an impressive annual gross rent surpassing $60,000 and a cap rate exceeding 6.5%, this property stands tall as a cornerstone for your real estate portfolio. Sitting on a spacious lot measuring 36 feet by 127 feet, ample parking for up to four vehicles awaits, with the added allure of potential for a laneway house, further elevating revenue potential. Moreover, the strategic location - mere steps from the planned LRT stop - positions this property as a prime choice for both current and future tenants, ensuring enduring demand and maximizing your returns. Recent upgrades, including window and roof replacements in 2020, newer kitchens, flooring, lighting and more. More value-adds can be made later during vacancies. Furthermore, separate hydro meters afford convenience and flexibility, streamlining management and enhancing tenant satisfaction. Embrace hassle-free ownership with a property already filled by exceptional tenants. For a deeper dive into the financial landscape and investment potential, detailed financials are available upon request. (id:50787)
Property Details
| MLS® Number | X8317378 |
| Property Type | Single Family |
| Community Name | Landsdale |
| Amenities Near By | Public Transit |
| Features | Irregular Lot Size, Lane |
| Parking Space Total | 4 |
| Structure | Patio(s) |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Appliances | Refrigerator, Stove |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Irregular | 36.04 X 127.5 Ft |
| Size Total Text | 36.04 X 127.5 Ft|under 1/2 Acre |
https://www.realtor.ca/real-estate/26864417/8-nightingale-street-hamilton-landsdale
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May 14 2024 06:06:08
Toronto Real Estate Board
Keller Williams Signature Realty