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$ 429,900
Est. payment /mo
New
220 EMERALD STREET N Hamilton (landsdale), ON L8L5K8
2 Beds
3 Baths
1,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $390
Subdivision Landsdale
MLS® Listing ID X12697068
Bedrooms 2
Property Description
You really can't miss this value added 3-unit investment that not only makes a strong statement on the street, but is a strong investment too! Not only a bold facade, but a bold 8% potential cap rate make this solid triplex an ideal mix of immediate income and plenty of opportunity to be realized. The fully renovated rear one-bedroom unit is tenanted, while the front studio and second-floor one-bedroom are vacant and ready for updates, allowing you to set market rents and select tenants. The main floor could be consolidated back into one unit for the owner who may want to live in and rent the upper unit. Recent improvements include a complete frame-in renovation of the rear unit, as well as new furnace and hot water tank (2021), updated wiring with 200-amp breaker panel and some exterior brick repointing with the front and side painted (2022), rear stairs replaced (2019),. Two rear parking spaces on a concrete driveway with paved alley access, plus proximity to downtown and public transit routes makes it a very attractive prospect to tenants. A practical & profitable opportunity for investors to build long-term equity in an improving Lansdale neighbourhood. (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 3.45 m X 3.15 m Living room
Extra Room 2 Second level 3.81 m X 2.87 m Kitchen
Extra Room 3 Second level 3.23 m X 3.48 m Bedroom
Extra Room 4 Main level 3.35 m X 4.34 m Living room
Extra Room 5 Main level 3.45 m X 4.57 m Kitchen
Extra Room 6 Main level 2.18 m X 3.48 m Bedroom
Interior
Heating Forced air, Other, Not known, Not known
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by ROYAL LEPAGE NRC REALTY
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