220 EMERALD Street N, Hamilton, Ontario, L8L5K8

Property Description

You really can't miss this value added investment that not only makes a strong statement on the street, but is a strong investment too! Not only a bold facade, but a bold almost 8% potential cap rate make this solid semi-detached currently set up as 3 self-contained units an ideal income generating property. The fully renovated rear one-bedroom unit, and second-floor one-bedroom are occupied by excellent low-maintenance tenants, and the front studio is ready to be rented or updated to suit your needs, offering a turn-key opportunity to get into the in-demand Hamilton rental market. The main floor could be consolidated back into one unit for the owner who may want to live in and rent the upper unit. Recent improvements include a complete frame-in renovation of the rear unit, as well as new furnace and hot water tank (2021), updated wiring with 200-amp breaker panel and some exterior brick repointing with the front and side painted (2022), rear stairs replaced (2019), tiled tub surround & bedroom flooring in upper unit just replaced March 2026. Two rear parking spaces on a concrete driveway with paved alley access, plus proximity to downtown and public transit routes makes it a very attractive prospect to tenants. A practical & profitable opportunity for investors to build long-term equity in an improving Lansdale neighbourhood. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Style: 2 Level
• Bedrooms: 2 (2 above)
• Bathrooms: 3
• Living Area: 1,324 sq ft (123.0 m²)
• Above Grade: 1,324 sq ft (123.0 m²)
• Year Built: 1891
• Ownership: Freehold
• Attached: Yes
• Parking: 2.0 spaces
• Lot Size: 0.0500 acres (0.02 ha)
• Frontage: 24 ft (7.3 m)

Costs

• Annual Taxes: $2,490.00

Listing Provided by: Royal LePage NRC Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.