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Renanza Realty
For sale

317 QUEEN STREET S

Hamilton (Durand), Ontario

MLS® X13580102

$875,000

Status
Active
Property type
Multi-family
MLS® number
X13580102
Bedrooms
6
Bathrooms
3
Year built

Listing description

Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms.

Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St.

Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets.

Property summary

MLS® number
X13580102
Property type
Multi-family
Building type
Other
Land size
25 x 130 FT
Annual property taxes
$6,960.83
Parking
1 space · No Garage
Days on market
39 days

Features & details

Heating
Heat Pump, Forced air, Electric, Natural gas
Cooling
Central air conditioning, Wall unit
Basement
Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Appliances
Washer, Refrigerator, Stove, Dryer, Water Heater
Exterior features
Brick

What would this home cost you?

Based on the $875,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$4,071 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RIGHT AT HOME REALTY, BURLINGTON.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.