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$ 895,000
Est. payment /mo
New
67 WEST Avenue Hamilton, ON L8L5C1
5 Beds
3 Baths
2,496 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,496 sqft
Price per Sqft $358
Subdivision 140 - Beasley
MLS® Listing ID 40713694
Bedrooms 5
Originating Board Cornerstone - Hamilton-Burlington
Year Built 1900
Property Sub-Type Freehold
Property Description
INVESTOR'S DREAM This cash-flowing, FULLY LEGAL TRIPLEX offers everything a savvy investor is looking for—PLUS UPSIDE POTENTIAL with CITY APPROVED PLANS TO ADD A FOURTH UNIT, significantly increasing property value and future income. Located in a PRIME RENTAL NEIGHBOURHOOD, steps to transit, hospitals, shopping, and other key amenities, this property is positioned to attract and retain A+ TENANTS year-round.RENOVATED TOP TO BOTTOM IN 2019, each unit features modern finishes, updated mechanicals, and separate utilities—keeping maintenance low and ROI high. Whether you're looking to expand your portfolio or step into a turnkey investment, this property checks every box. With a NET OPERATING INCOME OF OVER 49K/YEAR, you're already earning strong passive income from Day 1.But it gets even better. The city-approved fourth unit plans open the door to a VALUE-ADD PLAY that could allow for a refinance strategy (BRRRR, anyone?) once completed, increasing your equity and monthly cash flow even further. This is not just a buy-and-hold—it's a BUY HOLD AND GROW opportunity.Additional features include ample parking, separate entrances for all units, and modern, tenant-pleasing finishes throughout. Zoned and permitted as a legal triplex, there's NO RED TAPE OR SURPRISES—just clean, reliable income. With INTEREST RATES SHOWING SIGNS OF EASING, now is the time to lock in a quality asset that will only get more valuable with time. This is a rare offering that combines stability, scalability, and simplicity. Don't miss your chance to own a high-performing, low-maintenance investment in a sought-after neighbourhood. BOOK YOUR SHOWING TODAY and see why this opportunity stands out from the rest! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat,
Cooling None
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX Escarpment Realty Inc.