Investment opportunity on Hamilton Mountain! This property features six well-maintained residential units & 1 commercial lease, all fully tenanted, ensuring immediate rental income. Additionally, the property includes a billboard lease, further enhancing the income potential. Impressive overall cap rate of 6.05%, this property promises substantial returns.The residential units offer a mix of layouts 2- 2 bedrooms, 3- 1 bedrooms & 1 Bachelor, catering to diverse tenant needs, and are situated in a desirable neighborhood with easy access to amenities, public transport, and major highways. 8 parking spots. Don't miss out on this exceptional opportunity to expand your portfolio with a property that combines stability, growth potential, and a prime location on Hamilton Mountain. (id:4069)
| Address |
570 UPPER WELLINGTON Street |
| List Price |
$1,799,900 |
| Property Type |
Other |
| Area |
Ontario |
| Sub-Area |
Hamilton |
| Floor Area |
5,000 Sq. Ft. |
| MLS® Number |
XH4195164 |
| Listing Brokerage |
RE/MAX Escarpment Golfi Realty Inc.
|
| Postal Code |
L9A3P9 |
| Zoning |
C5 |
