$1,799,900
Available - For Sale
Listing ID: X8372572
570 Upper Wellington St , Hamilton, L9A 3P9, Ontario
| 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. |
| Price | $1,799,900 |
| Taxes: | $9472.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 570 Upper Wellington St , Hamilton, L9A 3P9, Ontario |
| Postal Code: | L9A 3P9 |
| Province/State: | Ontario |
| Lot Size: | 50.00 x 127.00 (Feet) |
| Directions/Cross Streets: | Brucedale |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 5500.00 |
| Total Area Code: | Sq Ft |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Rail: | N |
| Heat Type: | None |
| Central Air Conditioning: | N |
| Elevator Lift: | None |
| Sewers: | Sanitary |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX ESCARPMENT GOLFI REALTY INC. |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Centremount |
| Lot Size: | 50.00 x 127.00(Feet) |
| Tax: | $9,472 |
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