74 CATHCART Street
Hamilton, Ontario
MLS® 40854825
$769,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40854825
- Bedrooms
- 4
- Bathrooms
- 4
- Year built
- 1899
1 / 47Listing description
Welcome to a fantastic investment opportunity in Hamilton. This detached home offers three self-contained units, providing a versatile option for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Extensively updated from top to bottom in 2018, each bright and well maintained unit features its own in-suite laundry and a fully equipped kitchen with fridge, stove, and dishwasher.
Two of the three units are currently tenanted, offering immediate rental income. The main-floor unit is rented for $1,599/month, while the upper unit, spanning two levels, is rented for $1,747/month. The vacant lower-level unit was previously rented for $1,300/month, providing an opportunity to set a new rental rate or keep the space available for personal use.
Parking is conveniently located at the rear of the property with laneway access (and street parking available). Ideally situated close to shopping, major highways, Lake Ontario, parks, and everyday amenities, this property combines a convenient location with excellent income potential. A turnkey opportunity for investors looking to add a modernized multi-unit property to their portfolio.
Separately metred for hydro/gas.
Property summary
- MLS® number
- 40854825
- Property type
- Multi-family
- Building type
- Triplex
- Square footage
- 2,605 sq ft
- Title
- Freehold
- Land size
- 0.06 acres
- Built in
- 1899
- Annual property taxes
- $4,936.00
- Parking
- 2 spaces
- Days on market
- 37 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Full
- Exterior features
- Brick, Vinyl siding
What would this home cost you?
Based on the $769,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Escarpment Realty Inc., 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.