261 Mohawk Road E Hamilton, Ontario L9A 2H5
10 Bedroom
6 Bathroom
3,371 ft2
Radiant Heat
$1,699,000
Located in one of the most sought-after neighbourhoods, this well-maintained 6-unit multiplex offers a prime opportunity for investors looking for consistent income in a high-demand area. With a total annual rental income exceeding $90,000, this property boasts a strong return on investment. The solid brick building features two 1-bedroom apartments and four 2-bedroom apartments, each designed with functional layouts, durable finishes, ensuring long-term tenant satisfaction. 50% of the apartments have been renovated! Each unit enjoys spacious living areas, ample natural light, and access to nearby amenities, making this building highly desirable. With its unbeatable location close to public transportation, shopping, dining, and recreational areas, this building stands out as an exceptional investment in a thriving community. The solid brick construction and updates including new roof shingles in 2015 and new security system in 2020, provide stability and low maintenance, while the current rental income offers immediate cash flow. Don’t miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio. (id:48215)
Property Details
| MLS® Number | 40691654 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Shopping |
| Community Features | School Bus |
| Features | Laundry- Coin Operated |
| Parking Space Total | 6 |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 10 |
| Basement Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 3,371 Ft2 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | E |
https://www.realtor.ca/real-estate/27821019/261-mohawk-road-e-hamilton
Liam Hope
Salesperson
The Agency
188 Lakeshore Road East
Oakville, Ontario L6J 1H6
188 Lakeshore Road East
Oakville, Ontario L6J 1H6
(905) 636-0045
www.theagencyre.com/
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January 21 2025 07:06:40
REALTORS® Association of Hamilton-Burlington
The Agency