78 STINSON Street, Hamilton, Ontario, L8N1S2

Property Description

CALLING ALL INVESTORS! Great opportunity for this recently renovated REVENUE GENERATING fully LEGAL TRIPLEX. Plus AMAZING UPSIDE POTENTIAL with possibility for a 4th unit with separate entrance in basement. Zoning allows for 4 units, boosting future income (potential 7% cap rate) and property value. This HIGH WALK SCORE location in PRIME RENTAL NEIGHBOURHOOD attracts A+ TENANTS with a short walk to transit, hospitals, shopping and all amenities. Just 5 blocks from the future Hamilton LRT line. RECENT (2020) UPGRADES include a new roof, new plumbing, new electrical, new insulation, and new fire escape to 2nd and 3rd floor units. 1st floor unit features QUARTZ COUNTERTOPS in kitchen and bath, large primary bedroom with huge walk-in closet/den. Sliding patio door to PRIVATE FULLY FENCED BACK YARD with deck. Bright and cheerful 2nd floor unit has HARDWOOD FLOORS and QUARTZ COUNTERTOPS. Both units feature private ensuite laundry. The 3rd FLOOR LOFT has one bedroom, a three-piece bath, and PRIVATE BALCONY. Whether you're looking to expand your portfolio, need multi-generational living or want to owner-occupy, this property checks all the boxes! Now is the time to acquire THIS QUALITY ASSET that will only increase in value over time. BUY, HOLD, & GROW! (id:64974)

Quick Facts

• Property Type: Triplex (Freehold)
• Bedrooms: 6
• Bathrooms: 4
• Living Area: 2,575 sq ft (239.2 m²)
• Above Grade: 2,575 sq ft (239.2 m²)
• Ownership: Freehold
• Attached: Yes
• Parking: 2 spaces
• Frontage: 29 ft (8.8 m)

Costs

• Annual Taxes: $5,111.00

Listing Provided by: ROYAL LEPAGE CROWN REALTY SERVICES
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.