499 EAST 16TH Street, Hamilton, Ontario L9A 4K9
$725,000.00
- 6 bedrooms
- 2 bathrooms
- 1,788 Square Feet
Amazing Investment Opportunity – Fully Legal Duplex in a Prime Location! Investors, take note! This fully legal duplex offers an exceptional opportunity to own a versatile income property in a mature, highly desirable neighbourhood with healthy monthly cash flow and strong tenant appeal. Both units have been thoughtfully updated and feature stainless steel appliances, offering modern comfort and convenience for tenants. The spacious 3-bedroom main-floor unit is complemented by a well-appointed 2-bedroom basement unit, making this property an attractive option for investors seeking multiple income streams. Enjoy the added convenience of separate ... read more
Amazing Investment Opportunity – Fully Legal Duplex in a Prime Location! Investors, take note! This fully legal duplex offers an exceptional opportunity to own a versatile income property in a mature, highly desirable neighbourhood with healthy monthly cash flow and strong tenant appeal. Both units have been thoughtfully updated and feature stainless steel appliances, offering modern comfort and convenience for tenants. The spacious 3-bedroom main-floor unit is complemented by a well-appointed 2-bedroom basement unit, making this property an attractive option for investors seeking multiple income streams. Enjoy the added convenience of separate hydro meters, allowing tenants to manage their own electricity usage. Even better, the basement unit offers the added bonus of no rent control, providing greater flexibility when setting the rent. The property is being offered vacant, giving the next owner the opportunity to set their own rents from day one and tailor the tenancy strategy to their investment goals. Location is another major advantage. Situated close to Lime Ridge Mall, shopping, restaurants, schools, transit, everyday amenities, and major highways, this property provides quick and easy access throughout the area. The established neighbourhood and convenient surroundings create access to a large and diverse tenant pool. Whether you're an experienced investor looking to expand your portfolio or a first-time investor searching for a property with income potential, this fully legal duplex combines updated units, desirable features, flexible rental opportunities, and an incredible location. Opportunities like this don't come along often — book your private viewing today! (id:25417)
- Listing ID: 40867137
- Property Type: Single Family
- Year Built: 1955
| Property | |
|---|---|
| Style: | Raised Bungalow |
| Ownership: | Freehold |
| Lot Size: | 0.11 Ac (Under 1/2 Acre) |
| Parking: | 3 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Dryer, Microwave, Refrigerator, Stove, Washer and Dishwasher |
| HVAC: | Baseboard Heaters, Ductless, Fireplace and Hot Water Radiator Heat |
| Exterior: | Brick |
| Basement: | Full (Finished) |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| City: | Hamilton |
| Province: | Ontario |
| Nearby Amenities: | Airport, Park, Public Transit and Schools |
| Community Features: | Community Centre and School Bus |
| Rooms | Level | Dimensions |
|---|---|---|
| Utility room | Basement | Measurements not available |
| 4pc Bathroom | Basement | Measurements not available |
| Bedroom | Basement | 11'4'' x 10'0'' |
| Primary Bedroom | Basement | 13'5'' x 11'0'' |
| Kitchen | Basement | 21'0'' x 13'5'' |
| 4pc Bathroom | Main level | Measurements not available |
| Bedroom | Main level | 10'5'' x 9'0'' |
| Bedroom | Main level | 10'5'' x 9'0'' |
| Bedroom | Main level | 10'5'' x 9'0'' |
| Primary Bedroom | Main level | 12'0'' x 11'0'' |
| Dining room | Main level | 12'0'' x 13'5'' |
| Living room | Main level | 17'5'' x 12'0'' |
| Kitchen | Main level | 15'0'' x 9'0'' |
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