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$929,000
Hamilton
43 Crooks Street, Hamilton (Strathcona), Ontario, L8R2Z7
This multi-family property in Hamilton is for sale offering roughly 1,750 sq ft of space. It has been on the market 40 days, fresher than the Hamilton average of 83 days.
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. Ideally situated in Hamilton's desirable Strathcona neighbourhood, this property is conveniently located near restaurants, cafés, shopping, parks, and everyday amenities, with Dundurn Park, Locke Street, downtown Hamilton just minutes away, and Burlington Bay all within easy reach. Enjoy easy access to public transit and West Harbour GO Station, offering hourly GO train service with connections to Toronto and destinations along the Lakeshore West corridor. A fantastic location combining urban convenience, recreation, and commuter accessibility. Don't miss out on this exceptional investment opportunity! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 40 days on market, against an average age of 83 days across the listings currently for sale in this city
This 5-bed multi-family in Hamilton (Strathcona) has been listed for 40 days, which is 43 days fresher than the city average of 83. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
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.
Source: Statistics Canada, 2021 Census (FSA L8R)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
