$824,500

For sale

207-209 Victoria Avenue North, Hamilton (Landsdale) - Multi-family for Sale

207-209 Victoria Avenue North, Hamilton (Landsdale), Ontario, L8L5E9

8 beds4 baths0 parking3,250 ft²36 × 65 ft (2,297 sq ft) lot sizeListed 54 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 3,250 sq ft of space. It has been on the market 54 days, fresher than the Hamilton average of 70 days.

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

Description

An exceptional real estate portfolio addition awaits at 207 & 209 Victoria St. North, Hamilton, Ontario. Being sold together, this unique package offers rare advantage of acquiring two adjoining, 2-story semi-detached properties side-by-side for the price of one. Featuring 3,048 sq. ft. of total living space, this turnkey residential investment package consists of 4 self-contained units distributed across the 2 properties, each semi-detached home housing has two spacious 2-bedroom apartments. The property also includes 2 unfinished basements primed for value-add optimization. Key Property Features: Four 2-bedroom units, 4 independent gas meters, shifting heating costs to tenants and reducing landlord overhead. Private Outdoor Spaces: Each apartment boasts its own dedicated deck/balcony, providing highly desirable private outdoor space. Massive Value-Add Potential: The 2 unfinished basements offer a clean slate and an outstanding opportunity to renovate, develop additional usable square footage, and dramatically scale up your monthly cash flow. Great location close to Hamilton general hospitals, Ron Joyce Children's Health Centre and Public Transit. (id:66096)

Property Details

MLS®: X13769800
Property Type: Multi-family
Bedrooms: 8
Beds (above / below): 8 above · 0 below
Bathrooms: 4
Parking: 0
Interior Size: 3,250 ft²
Lot Size: 36 × 65 ft (2,297 sq ft)
Frontage: 36 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $4,944.84/yr
Listed: 54 days ago

Rooms

Ground level

Living room: 6.04 x 3.22 meters
Bedroom: 2.66 x 3.96 meters
Bedroom: 2.51 x 3.37 meters
Kitchen: 2.51 x 2.74 meters
Laundry room: 9.8 x 2.97 meters
Dining room: 2.89 x 2.3 meters
Kitchen: 2.74 x 2.51 meters
Bedroom: 3.37 x 2.48 meters
Bedroom 2: 3.96 x 2.66 meters

Second level

Kitchen: 2.48 x 2.74 meters

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer, Window Coverings, Water Heater
Flooring: Laminate, Ceramic
Foundation: Brick
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

54d

Hamilton (Landsdale) listings, avg age

70d

Price / ft²

$254

List price

$825K

Haho

This 8-bed multi-family in Hamilton (Landsdale) has been listed for 54 days, which is 16 days fresher than the city average of 70. Act while there is still low competition.

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Listed by CENTURY 21 PERCY FULTON LTD. · PETER ARCHIBALD WEST

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8L)

This home lists at $824,500, about 12.7× the local median household income of $65,000.

Carrying it typically needs a household income of about $161,054 (20% down, 25-yr amortization, stress-tested) — roughly 148% 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)

$824,500· $254/ft²

For sale

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Full Cost Breakdown

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Down Payment6.97% · $57,450

Min 6.97%50%

Mortgage payment$4,253/mo

↳ CMHC premium ($30,682 capitalized)

Property tax (est.)$412/mo

Total monthly$4,665

Cash Needed to Close

Down payment (6.97%)$57,450

Land transfer tax$12,965

Est. closing costs$4,974

Total cash needed$75,389

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