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$949,900
Hamilton
80 MACLENNAN Avenue, Hamilton, Ontario, L8V1X6
This multi-family property in Hamilton is for sale offering roughly 2,896 sq ft of space. It has been on the market 0 days, fresher than the Hamilton average of 65 days.
Welcome to this legal 2-unit family home, located in the highly desirable Hamilton Mountain! A rare gem in the Central Mountain community- this home sits on a generous 60 x 96ft lot and offers 2 side by side homes, making it ideal for multi-generational living or a savvy investment opportunity. Each home boasts 3 bedrooms, 2 baths and ample living space. The property boasts 2 private fenced-in yards and parking for up to 5 vehicles. Whether you're looking to accommodate a large family or offset your mortgage with rental income, this unique property checks all the boxes! Unit 80A Tenant paid 3000/month. Unit 80 pays 3200/month. Debt Service Coverage Ratio is estimated at 1.64. Cash Flow Positive! *Vacant Possession Available!* (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 0 days on market, against an average age of 65 days across the listings currently for sale in this city
This 6-bed multi-family in Hamilton has been listed for 0 days, which is 65 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $949,900, about 13.9× the local median household income of $68,500.
Carrying it typically needs a household income of about $185,549 (20% down, 25-yr amortization, stress-tested) — roughly 171% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8V)
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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