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$697,000
Available - For Sale
Listing ID: X8152754
Legal duplex opportunity! Ideal for first-time homebuyers looking to minimize their monthly payments or investors focused on long-term ROI potential. Located in the highly sought-after Blakely neighborhood, this property is a valuable find. Currently fully leased, it generates approximately $41,000 in annual revenue with a net operating income (NOI) of $31,700, reflecting a cap rate of about 4.5%. Featuring a vast double lot and a third separate entrance, there's substantial scope for further development and additional income for a savvy investor. First-time buyers can significantly reduce their living expenses by occupying one unit and renting out the other, potentially saving between $1,500 to $2,000 monthly. Even the garage contributes to the revenue, being rented out separately. This property is not only a lucrative investment but also a smart way to reduce housing costs. Prospective buyers should verify all financials and conduct their due diligence, as the figures presented are based on the listing date and may have changed. All tenants are willing to stay.
Price $697,000
Taxes: $3,922
Address: 260 Prospect St South , Hamilton, L8M 2Z9, Ontario
Lot Size: 50 x 100 (Feet)
Acreage: < .50
Directions/Cross Streets: Cumberland Avenue
Rooms: 9
Bedrooms: 3
Bedrooms +: 1
Washrooms: 2
Kitchens: 1
Kitchens +: 1
Family Room: Y
Basement: Sep Entrance
Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living 10.82 11.68
Room 2: Main Br 9.51 10.17
Room 3: Main 2nd Br 8.50 11.48
Room 4: Main Kitchen 10.99 12.00
Room 5: Main Dining 10.00 12.50
Room 6: Upper Living 12.66 16.66
Room 7: Upper Br 10.99 11.51
Room 8: Upper Br 10.99 9.51
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Upper
Property Type: Duplex
Style: 2-Storey
Exterior: Alum Siding
Garage Type: Detached
(Parking/)Drive: Available
Drive Parking Spaces: 2
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1100-1500
Property Features: Hospital
Park
School
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Laundry Level: Main
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: A
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HARVEY KALLES REAL ESTATE LTD.

260 Prospect St South , Hamilton, L8M 2Z9, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Duplex
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Blakeley
Style: 2-Storey
Lot Size: 50.00 x 100.00(Feet)
Approximate Age: 100+
Tax: $3,922
Maintenance Fee: $0
Beds: 3+1
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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