$699,900

For sale

181 West Avenue, Hamilton (Landsdale) - Multi-family for Sale

181 West Avenue, Hamilton (Landsdale), Ontario, L8L5C7

5 beds4 baths6 parking2,250 ft²25 × 123 ft (3,080 sq ft) lot sizeListed 36 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 2,250 sq ft of space. It has been on the market 36 days, fresher than the Hamilton average of 70 days.

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Description

Attention Investors!!!! Attention Investors!!!! Prime Hamilton Centre 4-Unit Freehold Investment! Turn-Key, Fully Renovated 4-Unit Property In A Prime Hamilton Centre Location On West Avenue. 2 Units Occupied With AAA Tenants + 2 Vacant Units-Perfect For An Owner-Occupier Or Additional Rental Income. Current Rent: Total $3000/Month Potential Monthly Rental Income, If All Four Units Were Rented, Would Be Approximately $5,800. Rear Parking For 6 Cars. Shared Laundry + Private Laundry In 2-Bedroom Unit. Professionally Waterproofed Basement With Sump Pump. Potential For Additional Income/ADU, Subject To Approvals. Walking Distance To Hamilton General Hospital. A Fantastic Opportunity For Investors Or Buyers Looking To Live In One Unit While Generating Rental Income From The Others! Don't Miss Out! (id:66096)

Property Details

MLS®: X13837554
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 4
Parking: 6
Interior Size: 2,250 ft²
Lot Size: 25 × 123 ft (3,080 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Radiant heat, Natural gas
Cooling: Window air conditioner
Garage: No Garage
Property Tax: $4,827.07/yr
Listed: 36 days ago

Rooms

Main level

Kitchen: 3.24 x 3.3 meters
Living room: 4.43 x 3.65 meters
Bedroom: 3.82 x 3.24 meters
Family room: 3.82 x 3.04 meters

Second level

Living room: 5.93 x 3.82 meters
Bedroom: 3.87 x 2.68 meters
Bedroom: 4.36 x 2.73 meters
Kitchen: 3.85 x 2.66 meters

Third level

Bedroom: 2.02 x 4.05 meters

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Water Heater
Flooring: Laminate
Foundation: Stone, Concrete
Exterior: Brick, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Hamilton (Landsdale) listings, avg age

70d

Price / ft²

$311

List price

$700K

Haho

This 5-bed multi-family in Hamilton (Landsdale) has been listed for 36 days, which is 34 days fresher than the city average of 70. Act while there is still low competition.

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Listed by HOMELIFE/FUTURE REALTY INC. · SHIV SIVALINGAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8L)

This home lists at $699,900, about 10.8× the local median household income of $65,000.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 110% above the area median.

Median household income: $65,000
Population: 32,312
Median age: 36.4
Owner / renter: 52% / 48%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L8L)

$699,900· $311/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,990.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Property tax (est.)$402/mo

Total monthly$4,033

Cash Needed to Close

Down payment (6.43%)$44,990

Land transfer tax$10,473

Est. closing costs$4,600

Total cash needed$60,063

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