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.
Details
X12697068
2
$429,900
Tenant
None
3 + 3
2-Storey
2
3
1100-1500 Sqft
N/A Acres
100+
Triplex
Sale
Additional details
Forced Air / Electric
R1a
$2490
2025
PLAN 235 PT LOT 10
N/A
N
Full,Unfinished
None
Municipal
Rooms
Living Room
Main Level
4.34 x 3.35
Kitchen
Main Level
4.57 x 3.45
Bedroom
Main Level
3.48 x 2.18
Living Room
Main Level
2.74 x 3.66
Kitchen
Main Level
1.93 x 2.36
Living Room
Second Level
3.15 x 3.45
Kitchen
Second Level
2.87 x 3.81
Bedroom
Second Level
3.48 x 3.23
Schools Nearby
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FAQ
What is the total square footage of the X12697068 - 220 Emerald Street N, Hamilton, ON L8L 5K8?
The total square footage of this property is 1100-1500 SqFt.
What schools near to X12697068 - 220 Emerald Street N, Hamilton, ON L8L 5K8?