$2,999,000Asking Price
Welcome to this exceptional investment opportunity in the heart of Waterdown. This meticulously maintained 6-plex has been proudly owned and cared for by its original owner, offering investors a truly turnkey asset with strong cash flow and outstanding upside potential.Each of the six spacious 2 bedroom units offers generous living space, well-sized bedrooms, and the convenience of in-suite laundry. The property is currently generating impressive income, with excellent potential to increase rental revenue as units turn over to new tenants. Parking is plentiful, with space for up to 10 vehicles and the potential to secure additional parking through the neighbouring property. Operating expenses are kept to a minimum, as tenants are responsible for landscaping, snow removal, garbage removal, and their own utilities, no gas bills, no hot water tank rentals, all are owned allowing the building to run with minimal owner involvement. This is a rare opportunity to own a well-maintained, income-producing property in one of Waterdown's most desirable locations. Zoned C5 Mixed Use Medium Density this property offers a variety of commerical, retail, and residential future uses.
Welcome to this exceptional investment opportunity in the heart of Waterdown. This meticulously maintained 6-plex has been proudly owned and cared for by its original owner, offering investors a truly turnkey asset with strong cash flow and outstanding upside potential.Each of the six spacious 2 bedroom units offers generous living space, well-sized bedrooms, and the convenience of in-suite laundry. The property is currently generating impressive income, with excellent potential to increase rental revenue as units turn over to new tenants. Parking is plentiful, with space for up to 10 vehicles and the potential to secure additional parking through the neighbouring property. Operating expenses are kept to a minimum, as tenants are responsible for landscaping, snow removal, garbage removal, and their own utilities, no gas bills, no hot water tank rentals, all are owned allowing the building to run with minimal owner involvement. This is a rare opportunity to own a well-maintained, income-producing property in one of Waterdown's most desirable locations. Zoned C5 Mixed Use Medium Density this property offers a variety of commerical, retail, and residential future uses.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Ground | ||
| 4 4-Piece Bathrooms | ||||
| 4 4-Piece Bathrooms on Ground Floor | ||||
| 2 4-Piece Bathrooms | ||||
| 2 2-Piece Bathrooms | ||||
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Waterdown, Hamilton is a west GTA neighbourhood notable for its university grads, executives, business, science and education, law & public sector professionals and salespeople. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 15 to 19 and adults aged 30 to 54.
Kids Per Family
1.2
kids per family
in the neighbourhood.
36%
of residents are
single and loving it.
36% singles
Hamilton (46%)
15%
of residents
are renters.
15% renters
Hamilton (32%)
38%
of residents are
university grads.
38% university grads
Hamilton (28%)Average Household Income
$151K
is the average household
income in the neighbourhood.
Professions
| Sales | 16% |
| Business | 12% |
| Government | 11% |
| Management | 10% |
| Trades | 8% |
16%
of residents were
born outside of Canada.
16% immigrants
Hamilton (25%)3.2% from UK
All-time
0.5% from UK
Recent
Foreign Languages
| French | 1% |
| Italian | 1% |
| Polish | 1% |
| Punjabi | 1% |
| Spanish | 1% |
Religions
| Christian | 67% |
| Jewish | 1% |
| Muslim | 1% |
| Sikh | 1% |
| Hindu | 1% |