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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$989,900

Hamilton

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$989,900

For sale

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147 EMERALD Street South, Hamilton - Multi-family for Sale

147 EMERALD Street South, Hamilton, Ontario, L8N2V4

6 beds4 baths5 parking3,306 ft²Listed 41 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 3,306 sq ft of space. It has been on the market 41 days, fresher than the Hamilton average of 65 days.

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

Description

Investor Opportunity in Prime Central Hamilton Stinson neighbourhood! This beautifully maintained Victorian-style fourplex offers the perfect blend of historic charm and modern convenience in a highly desirable location just below the escarpment. Each self-contained unit has been thoughtfully updated and well cared for, featuring in-suite washer and dryer unit 2-3, units 1/basement share laundry in the lower level, 4 hydro meters - Units 1-3 sep hydro, basement hydro on house meter all inclusive rentUnits 1-3 equip with split system wall unit AC, functional layouts, and character details that reflect the timeless architecture of the home.The property offers three surface parking spaces plus a detached double-car garage with hydro (newer automatic door), providing excellent convenience for tenants and additional potential uses for storage or workspace. Pride of ownership is evident throughout, making this a turnkey addition to any investment portfolio. Ideal for investors seeking strong long-term value or owner-occupants looking to live in a spacious, character-filled unit while generating rental income from the additional suites to help subsidize the mortgage. Located close to downtown amenities, transit, parks, and escarpment access, this property offers both lifestyle and investment appeal (id:66096)

Property Details

MLS®: 40864665
Property Type: Multi-family
Zoning: E
Bedrooms: 6
Bathrooms: 4
Parking: 5
Interior Size: 3,306 ft²
Frontage: 52 ft
Units: 4
Year Built: 1900
Storeys: 2
Basement: Finished, Full
Heating: Radiant heat
Cooling: Wall unit, Ductless
Garage: Detached Garage
Ownership: Freehold
Property Tax: $8,268.91/yr
Listed: 41 days ago

Features

Foundation: Block
Exterior: Brick, Other

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Hamilton listings, avg age

65d

Price / ft²

$299

List price

$990K

Haho

This 6-bed multi-family in Hamilton has been listed for 41 days, which is 24 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. · Stephanie Ammendolia

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8N)

This home lists at $989,900, about 18.1× the local median household income of $54,800.

Carrying it typically needs a household income of about $193,362 (20% down, 25-yr amortization, stress-tested) — roughly 253% 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)

$989,900· $299/ft²

For sale

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Full Cost Breakdown

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Down Payment7.47% · $73,990

Min 7.47%50%

Mortgage payment$5,078/mo

↳ CMHC premium ($36,636 capitalized)

Property tax (est.)$689/mo

Total monthly$5,767

Cash Needed to Close

Down payment (7.47%)$73,990

Land transfer tax$16,273

Est. closing costs$5,470

Total cash needed$95,733

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