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$759,900
Hamilton
292 SOUTH BEND Road East, Hamilton, Ontario, L9A2C5
This multi-family property in Hamilton is for sale offering roughly 1,933 sq ft of space. It has been on the market 26 days, fresher than the Hamilton average of 65 days.
Turnkey legal duplex on the Hamilton Mountain, ideally located close to shopping, schools, transit, parks, and major highways. Extensively updated throughout, this property offers an excellent opportunity for homeowners looking to offset mortgage costs with rental income, investors, or multi-generational families. The vacant upper unit features three spacious bedrooms, in-suite laundry, and a bright open-concept kitchen and living area, allowing buyers to move in immediately or set their own rental rate. The self-contained lower unit features a separate entrance, updated kitchen overlooking a spacious dining and living area, two bedrooms, a full bathroom, and private in-suite laundry. The lower unit is currently rented, providing immediate rental income. The basement has been professionally soundproofed and fire-separated, complete with a large egress window to meet duplex standards. Extensive improvements include the roof, windows, furnace, A/C, tankless water heater, doors, electrical, sump pump, backflow valve, flooring, and more. A fantastic opportunity to own a move-in-ready duplex with built-in rental income in a desirable Hamilton Mountain neighbourhood. Photos were taken prior to tenant occupancy. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 26 days on market, against an average age of 65 days across the listings currently for sale in this city
This 5-bed multi-family in Hamilton has been listed for 26 days, which is 39 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 $759,900, about 9.4× the local median household income of $81,000.
Carrying it typically needs a household income of about $148,435 (20% down, 25-yr amortization, stress-tested) — roughly 83% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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