309 STRATHEARNE Avenue, Hamilton, Ontario, L8H5K8

Property Description

Welcome to 309 Strathearne Avenue, a fully renovated six-unit residential building in the heart of Hamilton’s east end. This exceptional, turnkey investment property is fully tenanted, offering immediate and stable cash flow for investors seeking a low-maintenance addition to their portfolio. The building has undergone recent renovations, enhancing both the interior suites and overall property condition. Each unit is well-maintained, appealing to quality tenants and supporting strong rental demand in this established neighbourhood. At the rear of the property, you’ll find a large paved parking lot providing ample on-site parking — a highly desirable feature for tenants. Additional income potential is generated through the convenient coin-operated laundry facilities located within the building. The property is efficiently serviced by a boiler heating system and an on-demand tankless water heater, helping to manage operating costs while ensuring reliable performance. Ideally situated near the Queenston Traffic Circle, the building offers excellent connectivity to major routes. It is also close to public transit options, making it especially attractive for tenants who do not own a vehicle. This is a rare opportunity to acquire a well-maintained, income-producing asset in a strong rental location with solid fundamentals and long-term upside. (id:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: 6
• Bathrooms: 6
• Living Area: 3,100 sq ft (288.0 m²)
• Above Grade: 3,100 sq ft (288.0 m²)
• Ownership: Freehold
• Parking: 6 spaces (Open)
• Frontage: 137 ft (41.8 m)

Costs

• Annual Taxes: $10,562.88

Listing Provided by: RE/MAX Real Estate Centre Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.