$999,000Asking Price
Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,300, Unit 2: $1,900, and Unit 3: $1,750. With a gross annual income of $71,400 and an impressive cap rate of 5.95%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Don't miss out on this exceptional investment opportunity!
Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,300, Unit 2: $1,900, and Unit 3: $1,750. With a gross annual income of $71,400 and an impressive cap rate of 5.95%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Don't miss out on this exceptional investment opportunity!
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 9.74' x 14.07' | |
| 2 | Bathroom | Main | 6.17' x 9.74' | 3-PieceBath |
| 1 3-Piece Bathroom on Main Floor | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
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Strathcona, Hamilton is a west GTA neighbourhood notable for its singles, renters, university grads and education, law & public sector professionals. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of adults aged 25 to 44.
Kids Per Family
1.1
kids per family
in the neighbourhood.
60%
of residents are
single and loving it.
60% singles
Hamilton (46%)
59%
of residents
are renters.
59% renters
Hamilton (32%)
36%
of residents are
university grads.
36% university grads
Hamilton (28%)Average Household Income
$71K
is the average household
income in the neighbourhood.
Professions
| Sales | 13% |
| Government | 9% |
| Business | 8% |
| Trades | 6% |
| Management | 5% |
33%
of residents were
born outside of Canada.
33% immigrants
Hamilton (25%)2.3% from Vietnam
All-time
0.4% from Syria
Recent
Foreign Languages
| Arabic | 3% |
| Portuguese | 3% |
| Somali | 3% |
| Vietnamese | 2% |
| French | 2% |
Religions
| Christian | 55% |
| Muslim | 9% |
| Buddhist | 3% |
| Sikh | 1% |