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413-415 King Street W Hamilton, Ontario L8P 1B5
5300 sqft
Multi-Unit
Forced Air
$1,599,999
Attention Investors! This is your chance to own a rare and promising property! Embrace the potential of this 18-unit investment, featuring 14 shared accommodations and 4 bachelor units, perfectly positioned just steps away from the rapidly expanding downtown core. You have the unique opportunity to optimize your returns by reducing expenses, increasing income, and even considering the addition of more rooms or units. Act quickly as this outstanding opportunity won't be available for long! The property currently generates a substantial annual Gross Income of over $136,000 CAD, with the possibility to increase as units turn over. Few investments offer such attractive returns, and the possibilities here are truly boundless. Furthermore, the seller may be open to accommodating Vendor Take-Back (VTB) mortgage or private financing, making it easier for you to seize this profitable venture. Don't hesitate; secure your future now with this remarkable investment! (id:48215)
Business
| Business Type | Residential |
| Business Sub Type | Residential |
Property Details
| MLS® Number | H4169592 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Schools |
| Equipment Type | None |
| Features | No Driveway |
| Rental Equipment Type | None |
Building
| Appliances | Dryer, Microwave, Refrigerator, Stove, Washer |
| Architectural Style | Multi-unit |
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Exterior | 5300 Sqft |
| Size Interior | 5300 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 133 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 133.5 |
| Size Total Text | 50 X 133.5|under 1/2 Acre |
| Zoning Description | Toc1, 295 |
https://www.realtor.ca/real-estate/25901253/413-415-king-street-w-hamilton
Teo Marin
Salesperson
Right At Home Realty
5111 New Street Unit 104
Burlington, Ontario L7L 1V2
5111 New Street Unit 104
Burlington, Ontario L7L 1V2
(905) 637-1700
Nathan Ferro
Salesperson
https://gatewayrealty.org/
Right At Home Realty
5111 New Street Unit 104
Burlington, Ontario L7L 1V2
5111 New Street Unit 104
Burlington, Ontario L7L 1V2
(905) 637-1700
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August 02 2023 05:07:28
REALTORSยฎ Association of Hamilton-Burlington
Right At Home Realty