203 John Street N, Hamilton, ON L8L 4P4, Hamilton, ON, L8L 4P4
MLS: X13094994 | Duplex
$499,000
Property Description
Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal.
Quick Facts
- Property Type: Duplex
- Style: 2 1/2 Storey
- Bedrooms: 5 (4 above, 1 below)
- Bathrooms: 3
- Parking: 1.0 space (Lane)
Costs
- Annual Taxes: $3,525.89 (2025)
Listing Provided by: PRIME REAL ESTATE BROKERAGE
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Central Air
- Basement: Apartment, Finished, Separate Entrance
Exterior & Construction
- Style: 2 1/2 Storey
- Exterior: Patio, Porch
- Roof: Asphalt Shingle
- Construction: Brick, Stucco (Plaster)
- Foundation: Unknown
- Sewer: Sewer
Lot & Land
- Pool: None
Community & Neighbourhood
- Neighbourhood: Beasley
Listing Information
Listing History
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203 John Street N, Hamilton, ON L8L 4P4, Hamilton, ON, L8L 4P4