$999,000Asking Price
Welcome to this legal 2-unit family home, located in the highly desirable Hamilton Mountain! A rare gem in the Central Mountain community- this home sits on a generous 60 x 96ft lot and offers 2 side by side units, making it ideal for multi-generational living or a savvy investment opportunity. Each unit boasts 3 bedrooms, 2 baths and ample living space. The property boasts 2 private fenced-in yards and parking for up to 5 vehicles. Whether you're looking to accommodate a large family or offset your mortgage with rental income, this unique property checks all the boxes! Unit 80A Tenant pays 3000/month. Unit 80 pays 3200/month. NOI is 64,478 and Debt Service Coverage Ratio is estimated at 1.64. Cash Flow Positive by aprox. 20k/annum.
Welcome to this legal 2-unit family home, located in the highly desirable Hamilton Mountain! A rare gem in the Central Mountain community- this home sits on a generous 60 x 96ft lot and offers 2 side by side units, making it ideal for multi-generational living or a savvy investment opportunity. Each unit boasts 3 bedrooms, 2 baths and ample living space. The property boasts 2 private fenced-in yards and parking for up to 5 vehicles. Whether you're looking to accommodate a large family or offset your mortgage with rental income, this unique property checks all the boxes! Unit 80A Tenant pays 3000/month. Unit 80 pays 3200/month. NOI is 64,478 and Debt Service Coverage Ratio is estimated at 1.64. Cash Flow Positive by aprox. 20k/annum.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 2 4-Piece Bathrooms | ||||
| 1 2-Piece Bathroom on Ground Floor | ||||
| 1 2-Piece Bathroom | ||||
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Burkholme, Hamilton is a west GTA neighbourhood notable for its singles, renters, salespeople and tradespeople. It has a higher than average population of immigrants. Residents with a significant number of babies, kids aged 5 to 14, youth aged 15 to 19, adults aged 30 to 34 and 30 to 34 and seniors aged 65 to 69.
Kids Per Family
1.3
kids per family
in the neighbourhood.
51%
of residents are
single and loving it.
51% singles
Hamilton (46%)
38%
of residents
are renters.
38% renters
Hamilton (32%)
14%
of residents are
university grads.
14% university grads
Hamilton (28%)Average Household Income
$82K
is the average household
income in the neighbourhood.
Professions
| Sales | 17% |
| Trades | 10% |
| Business | 8% |
| Government | 5% |
| Health | 5% |
26%
of residents were
born outside of Canada.
26% immigrants
Hamilton (25%)2.5% from Philippines
All-time
0.7% from Iraq
Recent
Foreign Languages
| Arabic | 4% |
| Tagalog | 3% |
| Cantonese | 3% |
| Portuguese | 2% |
| Italian | 2% |
Religions
| Christian | 68% |
| Muslim | 6% |
| Buddhist | 1% |