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158 Hunter Street E, Hamilton ON L8N 1M7

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  • Hamilton

158 Hunter Street E, Hamilton ON L8N 1M7

158 Hunter Street E, Hamilton ON L8N 1M7

$1,049,000

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Property ID:

 RH-1845029-property

Bedrooms
3
Bathrooms
4.5
Garage
No
Year Built
1885
Area
2385 Square Feet

Description

$90,840 GROSS ANNUAL RENT | $71,929 NET INCOME | 6.86% CAP RATE AT CURRENT LIST PRICE. A compelling opportunity for investors
seeking strong cash flow without taking on a major renovation project. Configured & operated as four self-contained rental suites, the property
has undergone extensive upgrades, including: new roof & eaves, furnace & A/C, sewer line to the City, updated copper water line, backwater
valve, 200-amp electrical service with separated panels, updated plumbing, windows, HVAC distribution, foundation restoration, exterior grading
correction, and significant interior renovations. City inspected during permitted renovations to confirm compliance with fire/life-safety upgrades
consistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately
2,385 sq ft (MPAC), with in-suite laundry throughout, updated kitchens & bathrooms, and excellent tenant appeal. Located in Corktown steps
from Hamilton GO Centre, St. Joseph’s Healthcare, parks, the rail trail, Augusta Street restaurants, and downtown. Full income and expense
breakdown available.

Additional Details

  • Property Age: 1885
  • Property Sub Type: Row/Townhouse
  • Zoning: LMR-2
  • Transaction Type: Sale
  • Basement: Development Potential, Separate Entrance, Full, Unfinished
  • Heating: Forced Air, Natural Gas
  • Cooling: None
  • MLS Status: Active

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