641 LIMERIDGE ROAD E, Hamilton (Thorner), Ontario, L8W1A2

Property Description

Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there's no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential. Concept proposed: Buyer to develop three triplex buildings totaling 9 residential units. Development has not yet been approved. Buyer to complete all required applications and obtain necessary approvals. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Bedrooms: 4 (4 above)
• Bathrooms: 2
• Ownership: Freehold
• Attached: No
• Parking: 4 spaces (Attached Garage, Garage)
• Frontage: 80 ft (24.4 m)

Costs

• Annual Taxes: $4,790.84

Listing Provided by: RE/MAX ESCARPMENT REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.