$1,489,900

For sale

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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$1,489,900

Hamilton

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52 BARTON Street East, Hamilton - Multi-family for Sale

52 BARTON Street East, Hamilton, Ontario, L8L2V8

6 beds5 baths2 parking3,757 ft²2,483 sq ft lot sizeListed 61 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 3,757 sq ft of space. It has been on the market 61 days, fresher than the Hamilton average of 65 days.

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

Description

Amazing investment with this beautiful 5-unit building located just steps from trendy James St and the new Go Station. A few minutes walk to the beautiful Hamilton Harbour and the Bayfront. Located on main Bus Route. Incredible full building upgraded 8+/- years ago, including roof, fully renovated Res units include kitchen with granite counters, s/s appliances including B/I dishwasher and microwave & en-suite washer/dryers, soft close cupboards, replaced furnaces and A/C, Tankless water heaters, newer electric meters and plumbing, windows & doors, fire retrofit w/partial sprinkler system. 4 residential units and 1 commercial storefront. Units are separately metered and tenant pay their of Gas and Electricity. If you are looking for an easy, turn key, simple-to-run-for-years-to-come Multi-unit building, this is the one! (id:66096)

Property Details

MLS®: 40860650
Property Type: Multi-family
Zoning: D1
Bedrooms: 6
Bathrooms: 5
Parking: 2
Interior Size: 3,757 ft²
Lot Size: 2,483 sq ft
Frontage: 25 ft
Units: 5
Storeys: 2
Basement: Finished, Full
Heating: Forced air
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $8,010/yr
Listed: 61 days ago

Features

Appliances: Central Vacuum
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

61d

Hamilton listings, avg age

65d

Price / ft²

$397

List price

$1.49M

Haho

This 6-bed multi-family in Hamilton has been listed for 61 days, which is 4 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. · Raymond Loya

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8L)

This home lists at $1,489,900, about 22.9× the local median household income of $65,000.

Carrying it typically needs a household income of about $291,030 (20% down, 25-yr amortization, stress-tested) — roughly 348% above the area median.

Median household income: $65,000
Population: 32,312
Median age: 36.4
Owner / renter: 52% / 48%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L8L)

$1,489,900· $397/ft²

For sale

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Full Cost Breakdown

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Down Payment8.32% · $123,990.00

Min 8.32%50%

Mortgage payment$7,573/mo

↳ CMHC premium ($54,636 capitalized)

Property tax (est.)$668/mo

Total monthly$8,240

Cash Needed to Close

Down payment (8.32%)$123,990

Land transfer tax$26,273

Est. closing costs$6,970

Total cash needed$157,233

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