172 Markland Street Hamilton (Durand), Ontario L8P 2K5
8 Bedroom
6 Bathroom
Forced Air
$1,800,000
Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12x15 accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request. (id:48215)
Property Details
| MLS® Number | X9769043 |
| Property Type | Multi-family |
| Community Name | Durand |
| ParkingSpaceTotal | 2 |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 8 |
| BedroomsTotal | 8 |
| BasementDevelopment | Partially Finished |
| BasementType | Partial (partially Finished) |
| ExteriorFinish | Stucco, Wood |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Other |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 74 Ft |
| SizeFrontage | 56 Ft ,3 In |
| SizeIrregular | 56.29 X 74 Ft |
| SizeTotalText | 56.29 X 74 Ft |
https://www.realtor.ca/real-estate/27691426/172-markland-street-hamilton-durand-durand
Jameson Walsh
Salesperson
RE/MAX Garden City Realty Inc, Brokerage
Lake & Carlton Plaza
St. Catharines, Ontario L2R 7J8
Lake & Carlton Plaza
St. Catharines, Ontario L2R 7J8
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 28 2024 03:53:47
Niagara Association of REALTORS®
RE/MAX Garden City Realty Inc, Brokerage