$799,900

For sale

113 Wentworth Street South, Hamilton (Stinson) - Multi-family for Sale

113 Wentworth Street South, Hamilton (Stinson), Ontario, L8N2Y6

7 beds4 baths3 parking1,750 ft²30 × 100 ft (3,000 sq ft) lot sizeListed 48 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 1,750 sq ft of space. It has been on the market 48 days, fresher than the Hamilton average of 91 days.

Multi-Family Properties for Sale in Hamilton →All real estate in Hamilton →

Description

Look no further! This turn-key 4plex investment opportunity in a prime central Hamilton location makes an ideal property for investors seeking strong cash flow! 113 Wentworth St. S. features 4 fully tenanted units, including 3 spacious 2-bedroom suites and 1x 1-bedroom unit, providing a strong and diversified rental income stream. This well-maintained property provides separate hydro meters for each unit, two furnaces, and on-site parking for added tenant convenience and maximum rentability. Ideally situated just 400 metres from a future Hamilton LRT stop and 2km to St. Joes Hospital, this property is perfectly positioned to benefit from ongoing neighbourhood growth and infrastructure investment. An excellent addition to any investment portfolio, offering strong cash flow today with long-term upside in one of Hamilton's rapidly evolving urban corridors. (id:66096)

Property Details

MLS®: X13799458
Property Type: Multi-family
Zoning: R4A
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 4
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 30 × 100 ft (3,000 sq ft)
Frontage: 30 ft
Storeys: 2
Basement: Finished, Full, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $5,450/yr
Listed: 48 days ago

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Stone
Exterior: Brick
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Hamilton (Stinson) listings, avg age

91d

Price / ft²

$457

List price

$800K

Haho

This 7-bed multi-family in Hamilton (Stinson) has been listed for 48 days, which is 43 days fresher than the city average of 91. Act while there is still low competition.

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Listed by ROYAL LEPAGE STATE REALTY · MIKE HEDDLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8N)

This home lists at $799,900, about 14.6× the local median household income of $54,800.

Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 185% above the area median.

Median household income: $54,800
Population: 15,568
Median age: 36.8
Owner / renter: 26% / 75%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA L8N)

$799,900· $457/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,990

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,796 capitalized)

Property tax (est.)$454/mo

Total monthly$4,584

Cash Needed to Close

Down payment (6.87%)$54,990

Land transfer tax$12,473

Est. closing costs$4,900

Total cash needed$72,363

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