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Selva Homes
13 WESTINGHOUSE Ave
Hamilton Hamilton Ontario
$ 985000
Features
FOR Sale
AC :
Garage : Outside/Surface
Tot Area : 2084.00
Year Built :
Heating : Forced Air
Occupancy : Tenant
MLS # : X10440745
Type : Investment
2024-11-25 22:17:58.0
Description
Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters. Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood.