1071 SOUTHCOTE Road, Hamilton, Ontario, L9G3L1

For saleJust listed

Today

$680K

1071 SOUTHCOTE Road, Hamilton, Ontario, L9G3L1

3 bd1 ba2 pk1,323 ft²

Listed by RE/MAX Escarpment Realty Inc.

80 MACLENNAN Avenue, Hamilton, Ontario, L8V1X6

For saleJust listed

Yesterday

$950K

80 MACLENNAN Avenue, Hamilton, Ontario, L8V1X6

6 bd4 ba2 pk2,896 ft²

62 BARNESDALE Avenue South, Hamilton, Ontario, L8M2V4

4 bd3 ba4 pk2,096 ft²

Listed by Re/Max Escarpment Realty Inc.

136 WARREN Avenue, Hamilton, Ontario, L9A3E1

For saleJust listed

Yesterday

$849K

136 WARREN Avenue, Hamilton, Ontario, L9A3E1

5 bd2 ba5 pk1,900 ft²

Listed by RE/MAX Escarpment Realty Inc.

Investment analysis

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$739,000

Hamilton

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$739,000

$759,900For salePrice drop↓ $20,900 (3%)

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134 DESCHENE Avenue, Hamilton - Multi-family for Sale

134 DESCHENE Avenue, Hamilton, Ontario, L9A3K1

5 beds2 baths5 parking1,626 ft²Listed 49 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 1,626 sq ft of space. It has been on the market 49 days, fresher than the Hamilton average of 65 days.

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

Description

RARE LEGAL RETROFITTED DUPLEX ON CENTRAL HAMILTON MOUNTAIN! Exceptional turn-key investment or live-in mortgage helper situated on a premium 48’ x 133’ lot with outstanding potential for a garden suite or future expansion. Full legal conversion completed April 2022 with complete zoning and permit documentation on file. Upper unit features a bright, sun-filled 3-bedroom, 1-bathroom layout with a modern kitchen, stainless steel appliances, and ample storage space. The lower level boasts a spacious open-concept layout with a private separate side entrance. Lower unit vacant Oct 1st—set your top market rent or move in! Upper unit fully tenant-occupied. Designed for hassle-free property management: 2 separate electrical panels for tenant-paid hydro, 60/40 heat split, dedicated private laundry setups for both levels, and an upgraded 1-inch main waterline. Furnace & A/C new in 2022, Roof 2013. Prime location minutes to top-rated schools, parks, shopping centers, and transit. A turnkey, cash-flowing asset delivering unbeat. (id:66096)

Property Details

MLS®: 40864087
Property Type: Multi-family
Zoning: R1
Bedrooms: 5
Bathrooms: 2
Parking: 5
Interior Size: 1,626 ft²
Frontage: 48 ft
Units: 2
Year Built: 1962
Storeys: 1
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Carport
Ownership: Freehold
Property Tax: $4,499.64/yr
Listed: 49 days ago

Features

Exterior: Metal
Lot Features: Paved driveway, Solar Equipment

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Hamilton listings, avg age

65d

Price / ft²

$454

List price

$739K

Haho

This 5-bed multi-family in Hamilton has been listed for 49 days, which is 16 days fresher than the city average of 65. Act while there is still low competition.

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Listed by RE/MAX Escarpment Realty Inc. · Bill Papaioannou

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9A)

This home lists at $739,000, about 9.1× the local median household income of $81,000.

Carrying it typically needs a household income of about $144,353 (20% down, 25-yr amortization, stress-tested) — roughly 78% above the area median.

Median household income: $81,000
Population: 25,899
Median age: 40.4
Owner / renter: 66% / 34%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L9A)

$739,000· $454/ft²

For sale

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Full Cost Breakdown

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Down Payment6.62% · $48,900

Min 6.62%50%

Mortgage payment$3,826/mo

↳ CMHC premium ($27,604 capitalized)

Property tax (est.)$375/mo

Total monthly$4,201

Cash Needed to Close

Down payment (6.62%)$48,900

Land transfer tax$11,255

Est. closing costs$4,717

Total cash needed$64,872

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