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$1,550,000
Hamilton
154-156 Freelton Road, Hamilton (Freelton), Ontario, L8B0Z5
This multi-family property in Hamilton is for sale.
Incredible investment opportunity! Over 7% cap rate! Located in the quaint town of Freelton, right across from a municipal park. Get your hands on this 1/2 property with 2 residential buildings on it. The upper building consists of four two-bedroom apartments with forced air heating and air conditioning. The lower building consists of two two-bedroom apartments and two one-bedroom apartments with forced air heating. A large garage/shop approximately 1,400 square feet can provide additional revenue or keep as personal storage for your toys. Additional income/offset with solar panel contract. Tenant parking for over ten cars. Onsite coin operated laundry. Literally an investors dream property. Nothing to do but collect the rent! Great tenants! Amazing location just 14 minutes to downtown Waterdown, 8 minutes to the 401, and 25 minutes to Cambridge. Gems like these don't come around often. RSA. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 160 days on market, against an average age of 69 days across the listings currently for sale in this city
This 13-bed multi-family in Hamilton (Freelton) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,550,000, about 11.8× the local median household income of $131,000.
Carrying it typically needs a household income of about $302,769 (20% down, 25-yr amortization, stress-tested) — roughly 131% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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