158 HUNTER Street E
Hamilton, Ontario
MLS® 40869427
$1,049,000
- Status
- Active
- Property type
- House
- MLS® number
- 40869427
- Bedrooms
- 3
- Bathrooms
- 5
- Year built
- 1885
1 / 27Listing 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.
Property summary
- MLS® number
- 40869427
- Property type
- Single Family
- Building type
- Row / Townhouse
- Square footage
- 2,385 sq ft
- Title
- Freehold
- Land size
- 0.04 acres
- Built in
- 1885
- Annual property taxes
- $4,943.00
- Parking
- None
- Days on market
- 3 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Unfinished, Full
- Appliances
- Water meter, Water softener
- Exterior features
- Brick, Stucco, Vinyl siding
What would this home cost you?
Based on the $1,049,000 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 Real Broker Ontario Ltd., Toronto.
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.