Welcome to this legal 2-unit family home, located in the highly desirable Hamilton Mountain! A rare gem in the Central Mountain community- this home sits on a generous 60 x 96ft lot and offers 2 side by side units, making it ideal for multi-generational living or a savvy investment opportunity. Each unit boasts 3 bedrooms, 2 baths and ample living space. The property boasts 2 private fenced-in yards and parking for up to 5 vehicles. Whether you're looking to accommodate a large family or offset your mortgage with rental income, this unique property checks all the boxes! Unit 80A Tenant paid 3000/month. Unit 80 pays 3200/month. NOI is 64,478 and Debt Service Coverage Ratio is estimated at 1.64. Cash Flow Positive by aprox. 20k/annum. (id:13843)
| MLS # | 40845530 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 61 |
| Listing Provided By | EXP REALTY OF CANADA INC | Emily Androutsopoulos |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,896 |
| Garage | 5 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | C |
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Window Coverings, Microwave Built-in |
| Fireplace Yes / No | No |
| Lot Features | Private Yard |
|---|
| Parking Features | Attached Garage |
|---|---|
| Parking Total | 5 |
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 6228.94 |
|---|
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8V1X6 |
| Community Name | 177 Burkhome |
| Listing VS Median (in 177 Burkhome) | |
Price: $999,000 low | high Med: $139,900 sqft: 2,896 low | high Med: 479 $ / sqft: $345 low | high Med: $292 On site: 61 low | high Med: 121 | |
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8V1X6 |
| Community Name | 177 Burkhome |
| Listing VS Median (in 177 Burkhome) | |
Price: $999,000 low | high Med: $139,900 sqft: 2,896 low | high Med: 479 $ / sqft: $345 low | high Med: $292 On site: 61 low | high Med: 121 | |