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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$699,900

Hamilton

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$699,900

For sale

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37 LILACSIDE Drive, Hamilton - Multi-family for Sale

37 LILACSIDE Drive, Hamilton, Ontario, L8V2L5

5 beds2 baths4 parking1,927 ft²Listed 17 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 1,927 sq ft of space. It has been on the market 17 days, fresher than the Hamilton average of 65 days.

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

Description

This fully renovated LEGAL DUPLEX is the perfect opportunity for homeowners and investors alike. Featuring two brand-new kitchens with quartz countertops, two brand-new bathrooms, and new vinyl flooring throughout, this property has been completely upgraded with modern finishes. Every detail has been carefully considered, including new doors, baseboards, updated electrical, and new plumbing. The main floor offers three spacious bedrooms, one bathroom, and its own separate laundry, while the lower-level unit features two bedrooms, one bathroom, and separate laundry as well. Located on a quiet street, this home is just steps from Limeridge Mall, banks, parks, schools, and has convenient highway access. Situated on a great-sized lot with a long driveway, this property is ideal for large families or those looking for an income-generating opportunity. Live in one unit while renting out the other to help offset mortgage costs or lease both for a strong return on investment., . A 24-hour notice is required to view the lower unit. RSA. (id:66096)

Property Details

MLS®: 40871721
Property Type: Multi-family
Zoning: D
Bedrooms: 5
Bathrooms: 2
Parking: 4
Interior Size: 1,927 ft²
Frontage: 45 ft
Units: 2
Year Built: 1965
Storeys: 1
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $4,471/yr
Listed: 17 days ago

Features

Appliances: Microwave
Foundation: Block
Exterior: Brick, Aluminum siding
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Hamilton listings, avg age

65d

Price / ft²

$363

List price

$700K

Haho

This 5-bed multi-family in Hamilton has been listed for 17 days, which is 48 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. · Manny Haidary

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8V)

This home lists at $699,900, about 10.2× the local median household income of $68,500.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 100% above the area median.

Median household income: $68,500
Population: 21,165
Median age: 44.4
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L8V)

$699,900· $363/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.)$373/mo

Total monthly$4,004

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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