171 Stone Church Road E, Hamilton, Ontario L9B 1A8 (27998886)
$1,299,900
INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. 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 very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 19th room! (id:54662)
Property Details
| MLS® Number | X12008328 |
| Property Type | Single Family |
| Neigbourhood | Jerome |
| Community Name | Jerome |
| Equipment Type | Water Heater |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 16 |
| Bedrooms Total | 16 |
| Appliances | Water Heater, Dishwasher, Dryer, Freezer, Garage Door Opener, Microwave, Range, Refrigerator, Stove, Washer, Window Coverings |
| Basement Development | Finished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (finished) |
| Construction Style Attachment | Detached |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | 60 X 123.8 Acre |
| Size Total Text | 60 X 123.8 Acre |
| Zoning Description | R1 |
Interested in 171 Stone Church Road E, Hamilton, Ontario L9B 1A8?
Abdellah Majd
Salesperson
69 John St South Unit 400a
Hamilton, Ontario L8N 2B9
(905) 592-0990
(905) 357-1705