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905-634-7755
Brooke Hicks Team, Royal LePage Burloak Real Estate Services
50 SOMERSET Avenue, Hamilton, Ontario L8L2L5
Listing courtesy of Your Home Sold Guaranteed Realty Elite.
- $549,900
- 4
- BD
- 3
- BA
- 2,074
- SqFt
- List Price
- $549,900
- MLS®
- 40867400
- Days on Market
- 8
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 2,074
- Lot Size Dimensions
- 0.03
- Lot Size
- 1,306
- Subdivision
- 200 - Gibson/Stipley
Property Description
FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start. (id:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- 200 - Gibson/Stipley
- Parking Spaces
- 2
- Cooling
- Central air conditioning
- Country
- Canada
- Sewer
- Municipal sewage system
- Heating
- Forced air, Natural gas
- Architectural Style
- Other
- Stories
- 2.5
- Lot Size
- 1,306
