Address
16 STRATHCONA Avenue S Hamilton, ON
Price
$ 1,299,000
Property Attributes
  • ID#40111563
  • TypeMulti-Family
  • CityHamilton
  • AreaOakville - Milton and District
  • NeighbourhoodStrathcona
  • Postal CodeL8P 4H9
  • Style
  • Price$ 1,299,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Martinus Geleynse with Sotheby's International Realty Canada, Brokerage
Data Source:
RLP - CREA EN
Property Description

This clean, well-maintained investment property offers significant positive cashflow (Gross of well over $5000/month), with the added benefit of a rare and valuable zoning exception that allows for up to five residential units on the site. Comes with architect drawings for development of a large addition to the building that could see property income triple. Project has broad community support and had conditional site plan approval already in place. Situated on beautiful Strathcona Avenue between Main West and King West (on the newly funded LRT line!), the location and rentability of this property is second to none. This large brick home offers four floors of rental rooms and common washrooms in excellent shape; regularly updated by long-term, hands-on owners. Well-equipped with commercial fire alarm system, basement walk-out and more. Seller willing to negotiate updates to roof and more! This is a great opportunity to purchase a strong cashflow with excellent tenants and a turnkey development project at the same time. Call today for your tour of this exceptional property!

General Features

Parking Spaces 4

Exterior Features

Lot Frontage 38.00
Jumpid 15036682
Mls 40111563

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L8P 4H9

Price
AVG $1.3M
$1.3M
Visits
AVG 127
112
Walkscore
AVG 82
82
Data Provided by Walkscore ® not using MLS data