INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 9th room. The possibilities are endless with this one & will not last. Priced to be sold quick since Selers are offloading their properties; Buyers -take advantage of our time-crunch needing this to be sold. (id:4069)
Address
171 STONE CHURCH Road E
List Price
$1,199,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
2 Level
Area
Ontario
Sub-Area
Hamilton
Bedrooms
16
Bathrooms
4
Floor Area
3,700 Sq. Ft.
Year Built
1948
MLS® Number
40706545
Listing Brokerage
Revel Realty Inc.
Basement Area
Full (Finished)
Postal Code
L9B1A8
Zoning
C
Site Influences
Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Features
Crushed stone driveway, Industrial mall/subdivision, In-Law Suite
