Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
$1,049,000
Hamilton
74 Locke Street North, Hamilton (Strathcona), Ontario, L8R3A5
This multi-family property in Hamilton is for sale offering roughly 4,250 sq ft of space. It has been on the market 41 days, fresher than the Hamilton average of 83 days.
Excellent investment opportunity in a prime central Hamilton location. Situated on a prominent corner lot at Locke St N and Peter St, this 3-storey multi-residential property features 8 self-contained residential units consisting of 4 two-bedroom and 4 one-bedroom units, each with separate hydro meters. Offering approximately 4,220 sq ft of living space, 5 parking spaces, coin-operated laundry, boiler heating system and additional basement space. Fully tenanted with established rental income and significant future upside as tenancies turn over. Conveniently located minutes from Victoria Park, Bayfront Park, West Harbour GO, public transit, downtown Hamilton and the shops and restaurants of Locke Street. An opportunity for investors to acquire an established income-producing property in one of Hamilton's most convenient and desirable central locations. Property being sold under Power of Sale on an "as is, where is" basis. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 41 days on market, against an average age of 83 days across the listings currently for sale in this city
This 8-bed multi-family in Hamilton (Strathcona) has been listed for 41 days, which is 42 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 $1,049,000, about 19.6× the local median household income of $53,600.
Carrying it typically needs a household income of about $204,906 (20% down, 25-yr amortization, stress-tested) — roughly 282% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8R)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
