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$1,200,000
Hamilton
170 MARKLAND Street, Hamilton, Ontario, L8P2K5
This multi-family property in Hamilton is for sale offering roughly 3,542 sq ft of space. It has been on the market 55 days, fresher than the Hamilton average of 65 days.
Exceptional Turnkey Investment Opportunity – 172 Markland Avenue, Hamilton. Add a solid income-producing asset to your portfolio with this well-maintained 6-unit purpose-built apartment building in Hamilton. Featuring 2 bachelor units and 4 spacious two-bedroom units, this property offers a desirable unit mix with strong rental appeal and consistent income potential. Professionally managed, the building has benefited from numerous capital upgrades over the years, allowing investors to acquire a property with ongoing care and reduced maintenance concerns. Tenants enjoy the convenience of shared laundry facilities located in the partially finished basement, while the lower level also offers additional storage and future potential. Situated in an established neighbourhood with convenient access to public transit, shopping, schools, parks, and major commuter routes, this investment is well-positioned to attract and retain quality tenants. Whether you're expanding your portfolio or entering the multi-residential market, 172 Markland Avenue presents an excellent opportunity to own a professionally managed, income-generating property in one of Hamilton's strong rental markets. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 65 days across the listings currently for sale in this city
This 8-bed multi-family in Hamilton has been listed for 55 days, which is 10 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,200,000, about 20.7× the local median household income of $58,000.
Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 304% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8P)
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Loading rates, 30-yr amortization
Cash Needed to Close
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