171 STONE CHURCH Road E, Hamilton, Ontario L9B 1A8
$1,299,900.00
- 16 bedrooms
- 4 bathrooms
- 3,200 Square Feet
INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 NET ANNUALLY. This Renovated 16 - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances and quickly convertible to triplex, duplex or single family home. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is deep so there is plenty room to enjoy outdoor space, or perhaps add a secondary suite ... read more
INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 NET ANNUALLY. This Renovated 16 - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances and quickly convertible to triplex, duplex or single family home. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is deep so there is plenty room to enjoy outdoor space, or perhaps add a secondary suite in the rear. The double car, automatic garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17 & 18th room. The possibilities are endless with this one & will not last. Priced to be sold quick; Buyers -take advantage of our time-crunch needing this to be sold. (id:25417)
- Listing ID: 40698571
- Property Type: Single Family
- Year Built: 1948
| Property | |
|---|---|
| Style: | 2 Level |
| Ownership: | Freehold |
| Lot Size: | Under 1/2 Acre |
| Parking: | Attached Garage 9 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Dryer, Freezer, Garage Door Opener, Hood Fan, Microwave, Microwave Built-in, Refrigerator, Stove, Washer, Window Coverings and Dishwasher |
| HVAC: | Fireplace, Radiant Heat and Stove Natural Gas |
| Exterior: | Brick |
| Basement: | Full (Finished) |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| City: | Hamilton |
| Province: | Ontario |
| Nearby Amenities: | Park, Place Of Worship, Playground, Public Transit, Schools and Shopping |
| Rooms | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Second level | 10'0'' x 8'0'' |
| Bedroom | Second level | 12'0'' x 12'0'' |
| Bedroom | Second level | 12'0'' x 12'0'' |
| Bedroom | Second level | 15'0'' x 35'0'' |
| Bedroom | Lower level | 10'0'' x 11'0'' |
| Bedroom | Lower level | 12'0'' x 12'0'' |
| Bedroom | Lower level | 13'0'' x 13'0'' |
| Bedroom | Lower level | 12'0'' x 12'0'' |
| Bedroom | Lower level | 15'0'' x 12'0'' |
| Utility room | Lower level | 6'0'' x 4'0'' |
| 1pc Bathroom | Lower level | 3'0'' x 3'0'' |
| 3pc Bathroom | Lower level | 10'0'' x 8'0'' |
| Eat in kitchen | Lower level | 12'0'' x 12'0'' |
| Workshop | Main level | 25'0'' x 25'0'' |
| Laundry room | Main level | 10'0'' x 6'0'' |
| 3pc Bathroom | Main level | 10'0'' x 8'0'' |
| Bedroom | Main level | 14'0'' x 15'0'' |
| Bedroom | Main level | 10'0'' x 15'0'' |
| Bedroom | Main level | 12'0'' x 12'0'' |
| Bedroom | Main level | 10'0'' x 12'0'' |
| Bedroom | Main level | 12'0'' x 10'0'' |
| Bedroom | Main level | 14'0'' x 14'0'' |
| Bedroom | Main level | 12'0'' x 10'0'' |
| Bedroom | Main level | 9'0'' x 10'0'' |
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