About this property

Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Appraised for $975k in Aug 2024. Financials available upon request.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X11997323
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	3,000 sq ft
Beds / Baths	9 bed · 6 bath
Neighbourhood	Gibson
City	Hamilton
Postal Code	L8L 6E4
Province	ON
Listed Date	March 3, 2025
Brokerage	Keller Williams Signature Realty, Brokerage