$799,900 $4,294 est/mo Sourced by Back At You

125 Sanford Ave N,Hamilton, ON L8L

Hamilton ON, L8L

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Description

Attention all investors! This cash-positive ($800 cash at the asking price) legal duplex currently generates $6,039 per month, or $71,268 annually, in gross rent, with the potential to generate $6,239 per month, or $74,868 per year. Well-maintained, this investment property features 2 hydro meters, 4 rear parking spots, a furnace installed in 2022, a tankless hot water heater from 2023, and a flat roof updated in 2022. The basement, accessible via a separate side entrance, includes coin-operated laundry and ample storage space, with potential to add a fourth rental unit. A major renovation, completed with permits, included updates to wiring (copper), plumbing (copper/ABS), windows, drywall construction, doors, and trims. The loft unit just became rented on June 1st for $1,450 per month. This smoke-free and pet-free property is an exceptional investment opportunity, ready to enhance your portfolio.

Details

MLS#H4197919
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1889
Days On Site21
Listing Provided ByKeller Williams Complete Realty | Manny Pinheiro

Features

Bed(s)7
SQ Feet2,203
BasementY
Story(s)2
Units3
Acreage0.06
Water FrontYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.

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Learn More About This Property

ProvinceON
RegionHamilton
CityHamilton
Postal CodeL8L
AreaGibson | Stipley
Community NameGibson/Stipley
Listing VS Median (in Gibson/Stipley)
Price:
$799,900
low | high
Med:
$489,988
88.743842980373% of Average
SqFt:
2,203
low | high
Med:
1,178
96.527462551067% of Average
$ / SqFt:
$363
low | high
Med:
$416
35.443706354636% of Average
On Site:
21
low | high
Med:
1.000000
100% of Average
Sourced by Back At You
Listing Updated: July 3, 2024 at 7:26:49 AM PDT