317 Queen Street S Hamilton, Ontario L8P 3T6

6 Bedroom 3 Bathroom 2,000 - 2,500 sqft
Fireplace Central Air Conditioning, Wall Unit Forced Air, Heat Pump

$875,000

Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets. Full financials available upon request. (id:62104)

Property Details

MLS® Number X13580102
Property Type Multi-family
Community Name Durand
Equipment Type Water Heater
Parking Space Total 1
Rental Equipment Type Water Heater

Building

Bathroom Total 3
Bedrooms Above Ground 5
Bedrooms Below Ground 1
Bedrooms Total 6
Amenities Fireplace(s), Separate Electricity Meters
Appliances Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development Finished
Basement Features Apartment In Basement, Separate Entrance
Basement Type N/a, N/a, N/a (finished)
Cooling Type Central Air Conditioning, Wall Unit
Exterior Finish Brick
Fireplace Present Yes
Fireplace Total 1
Foundation Type Unknown
Heating Fuel Electric, Natural Gas
Heating Type Forced Air, Heat Pump
Stories Total 3
Size Interior 2,000 - 2,500 Sqft
Type Other
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 130 Ft
Size Frontage 25 Ft
Size Irregular 25 X 130 Ft
Size Total Text 25 X 130 Ft

Rooms

Level Type Dimensions
Second Level Living Room 5.59 m x 3.35 m
Second Level Dining Room 3.1 m x 3.1 m
Second Level Kitchen 3.1 m x 4.1 m
Second Level Bedroom 3.65 m x 3.78 m
Third Level Primary Bedroom 3.85 m x 5.13 m
Third Level Bedroom 3.56 m x 5.99 m
Basement Living Room 5.05 m x 3.8 m
Basement Kitchen 2.29 m x 3.4 m
Basement Primary Bedroom 5.05 m x 2.97 m
Main Level Living Room 4.1 m x 3.95 m
Main Level Primary Bedroom 3.65 m x 4.55 m
Main Level Bedroom 2.74 m x 4.25 m
Main Level Kitchen 2.74 m x 4.25 m

Utilities

Cable Available
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/30051750/317-queen-street-s-hamilton-durand-durand

Contact Us

Contact us for more information

Generating Captcha

Your Favourites

 

No Favourites Found