$799,900

For sale

113 WENTWORTH Street South, Hamilton - Single Family for Sale

113 WENTWORTH Street South, Hamilton, Ontario, L8N2Y6

7 beds4 baths3 parking2,603 ft²Listed 50 days ago

Overview

This 7-bedroom, 4-bathroom home in Hamilton is for sale offering roughly 2,603 sq ft of space. It has been on the market 50 days, fresher than the Hamilton average of 65 days.

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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®: 40864133
Property Type: Single Family
Zoning: R4a
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 4
Parking: 3
Interior Size: 2,603 ft²
Frontage: 30 ft
Storeys: 2
Style: Other
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: Open
Ownership: Freehold
Property Tax: $5,450/yr
Listed

Rooms

Basement

Bedroom: 7'9'' x 13'2''
4pc Bathroom: 5'5'' x 11'8''
Kitchen: 18'2'' x 11'10''
Living room: 10'6'' x 8'9''
Dining room: 5'8'' x 13'0''
Bedroom: 8'0'' x 8'10''

Third level

Kitchen: 17'1'' x 10'9''
3pc Bathroom: 9'1'' x 4'1''
Living room: 7'11'' x 13'8''
Bedroom: 11'0'' x 8'11''

Features

Foundation: Stone
Exterior: Brick
Lot Features: Laundry- Coin operated, In-Law Suite

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Hamilton listings, avg age

65d

Price / ft²

$307

List price

$800K

Haho

This 7-bed single family in Hamilton has been listed for 50 days, which is 15 days fresher than the city average of 65. Act while there is still low competition.

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Listed by Royal LePage State Realty Inc. · 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· $307/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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