$929,000

For sale

43 CROOKS Street, Hamilton - Single Family for Sale

43 CROOKS Street, Hamilton, Ontario, L8R2Z7

4 beds3 baths10 parking1,747 ft²Listed 41 days ago

Overview

This 4-bedroom, 3-bathroom home in Hamilton is for sale offering roughly 1,747 sq ft of space. It has been on the market 41 days, fresher than the Hamilton average of 65 days.

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Description

Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,300, Unit 2: $1,900, and Unit 3: $1,750. With a gross annual income of $71,400 and an impressive cap rate of 5.95%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Don't miss out on this exceptional investment opportunity! (id:66096)

Property Details

MLS®: 40866104
Property Type: Single Family
Zoning: D
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Parking: 10
Interior Size: 1,747 ft²
Frontage: 50 ft
Storeys: 2
Style: Multi-level
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage
Ownership: Freehold
Property Tax: $6,586/yr
Listed

Rooms

Basement

4pc Bathroom
Primary Bedroom: 8'9'' x 14'9''
Living room: 12'5'' x 12'3''
Kitchen: 8'10'' x 15'11''

Second level

4pc Bathroom
Living room: 12'6'' x 16'4''
Primary Bedroom: 11'1'' x 16'4''
Breakfast
Kitchen: 8'3'' x 9'11''

Main level

3pc Bathroom
Bedroom: 12'0'' x 14'9''

Features

Foundation: Block
Exterior: Brick, Aluminum siding
Lot Features: Sump Pump

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Hamilton listings, avg age

65d

Price / ft²

$532

List price

$929K

Haho

This 4-bed single family in Hamilton has been listed for 41 days, which is 24 days fresher than the city average of 65. Act while there is still low competition.

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Listed by RE/MAX Aboutowne Realty Corp. · Paul Butler

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8R)

This home lists at $929,000, about 17.3× the local median household income of $53,600.

Carrying it typically needs a household income of about $181,466 (20% down, 25-yr amortization, stress-tested) — roughly 239% above the area median.

Median household income: $53,600
Population: 11,651
Median age: 38.4
Owner / renter: 32% / 68%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA L8R)

$929,000· $532/ft²

For sale

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Full Cost Breakdown

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Down Payment7.31% · $67,900

Min 7.31%50%

Mortgage payment$4,774/mo

↳ CMHC premium ($34,444 capitalized)

Property tax (est.)$549/mo

Total monthly$5,323

Cash Needed to Close

Down payment (7.31%)$67,900

Land transfer tax$15,055

Est. closing costs$5,287

Total cash needed$88,242

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