258 Lynden Road, Hamilton (Lynden), Ontario, L0R1T0
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$1,150,000
Hamilton
This multi-family property in Hamilton is for sale.
This Lynden triplex (single family home set up as 3 units) offers exceptional versatility for both BUYER'S & INVESTOR'S alike. Owner-occupiers can move into the vacant, ~1196 sq ft, 3-bedroom main-floor unit and enjoy rural living on 0.7 acres with an abundance of parking, and updated mechanicals-while over $3,400/month in existing rent significantly offsets carrying costs and leaves room for future upside. Investors will value the $6,100.00/month in income potential across a strong unit mix-renovated 2-bed ($1,979 + hydro), 1-bed ($1,429 inclusive), and a vacant 3-bed projected at $2,700 + hydro-supported by consistent rural tenant demand, low vacancy risk, and a turnkey, low-maintenance setup that delivers long-term stability. (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: 138 days on market, against an average age of 136 days across the listings currently for sale in this city
This 6-bed multi-family in Hamilton (Lynden) 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 $1,150,000, about 10.5× the local median household income of $110,000.
Carrying it typically needs a household income of about $224,635 (20% down, 25-yr amortization, stress-tested) — roughly 104% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0R)
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Loading rates, 30-yr amortization
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