13 WESTINGHOUSE AVENUE Active

Hamilton (gibson),ON L8L6E4

$ 875000

9 Beds

6 Baths

2999 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,999 sqft

Price per Sqft $291

Subdivision Gibson

MLS Listing ID X11997323

Bedrooms 9

Originating Board The Oakville, Milton & District Real Estate Board

Property 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. Appraised for $975k in Aug 2024. Financials available upon request. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Wall unit

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 3

Sewer Sanitary sewer

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