70 BELVIEW Avenue, Hamilton, Ontario, L8L7K8

Property Description

Turnkey fully tenanted 4-unit property in a prime pocket of Hamilton, an exceptional opportunity for investors seeking stable income and long-term upside. 70 Belview Ave provides a well-balanced unit mix of 2 spacious 1-bedroom apartments and 2 generously sized 2-bedroom units, all thoughtfully designed and modernized within the last five years to attract and retain quality tenants. This solid asset has been extensively improved with major capital upgrades including new electrical and plumbing (2016), providing peace of mind and reduced maintenance for years to come. Two hydro meters, allow for efficient expense management and increased net income, while a detached garage adding additional value and potential for extra rental income or tenant convenience. This property generates substantial positive monthly cash flow as it’s currently operating, cash in your pocket every month! Located in a highly accessible and amenity-rich neighbourhood, residents enjoy close proximity to shopping, dining, schools, parks, and public transit. Quick access to major routes and downtown Hamilton makes commuting a breeze, while nearby green spaces and local attractions enhance tenant appeal and lifestyle. A rare, low-maintenance investment opportunity in a growing market, add this strong performer to your portfolio with confidence. (id:64974)

Quick Facts

• Property Type: Fourplex (Freehold)
• Bedrooms: 6
• Bathrooms: 4
• Living Area: 2,816 sq ft (261.6 m²)
• Above Grade: 2,114 sq ft (196.4 m²)
• Below Grade: 702 sq ft (65.2 m²)
• Ownership: Freehold
• Attached: Yes
• Parking: 1.0 space (Detached Garage, None)
• Lot Size: 0.0700 acres (0.03 ha)
• Frontage: 30 ft (9.1 m)

Costs

• Annual Taxes: $4,496.00

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