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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$539,000

Hamilton

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$539,000

For sale

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175 BURRIS Street, Hamilton - Multi-family for Sale

175 BURRIS Street, Hamilton, Ontario, L8M2J7

2 beds2 baths1 parking1,911 ft²Listed 50 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 1,911 sq ft of space. It has been on the market 50 days, fresher than the Hamilton average of 65 days.

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

Description

Fantastic opportunity in the sought-after St. Clair area. This solid brick 2-family duplex is conveniently located close to all amenities in a friendly, walkable neighbourhood. 9' ceilings on the main floor, hardwood and banister stairwells make this a unique property. Over 1,400 square feet split across two self-contained units plus finished basement. 1): Main floor 1-bedroom unit includes use of the lower level which provides an additional 425 sq. ft, private laundry and large 4-piece bathroom. 2): Second floor + loft: 3-bedroom unit with 2 bathrooms and lots of living space. Lower unit currently rented and 2nd level is newly vacant. A great investment or chance to make this your own personal character home with growing demand for this pocket of Hamilton. Features: Separate entrances, close to Gage Park, transit, schools, and downtown core. (id:66096)

Property Details

MLS®: 40863463
Property Type: Multi-family
Zoning: C
Bedrooms: 2
Bathrooms: 2
Parking: 1
Interior Size: 1,911 ft²
Frontage: 21 ft
Units: 2
Storeys: 2
Basement: Partially finished, Full
Heating: Forced air
Cooling: None
Garage: Detached Garage
Ownership: Freehold
Property Tax: $4,188.97/yr
Listed: 50 days ago

Features

Foundation: Block
Exterior: Brick, Stone, Aluminum siding

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

$282

List price

$539K

Haho

This 2-bed multi-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 RE/MAX Escarpment Realty Inc. · Terri Chow

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8M)

This home lists at $539,000, about 8.8× the local median household income of $61,200.

Carrying it typically needs a household income of about $105,286 (20% down, 25-yr amortization, stress-tested) — roughly 72% above the area median.

Median household income: $61,200
Population: 13,774
Median age: 38.4
Owner / renter: 40% / 60%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L8M)

$539,000· $282/ft²

For sale

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Full Cost Breakdown

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Down Payment5.36% · $28,900

Min 5.36%50%

Mortgage payment$2,828/mo

↳ CMHC premium ($20,404 capitalized)

Property tax (est.)$349/mo

Total monthly$3,177

Cash Needed to Close

Down payment (5.36%)$28,900

Land transfer tax$7,255

Est. closing costs$4,117

Total cash needed$40,272

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