521 BARTON STREET E
Hamilton (Gibson), Ontario
MLS® X13522496
$699,000
- Status
- Active
- Property type
- House
- MLS® number
- X13522496
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- —
1 / 18Listing description
521 Barton Street E Hamilton is an investment property. Corner-lot duplex with a renovated 2-bedroom main-floor unit (re-renting at $1,800 + hydro) and a four-room upper unit sharing kitchen and bath. Two hydro meters.
Unfinished basement with development potential. Growth opportunity: A corner-lot property with genuine value-add upside in addition to in-place income. The main-floor 2-bedroom unit is freshly renovated and stabilizing at $1,800 + hydro, while four month-to-month rooms above allow rents to be reset to market.
The unfinished basement is counted as a sixth door and is currently vacant: finishing and leasing it adds a new income stream immediately, and the corner-lot position offers a further, longer-term path to add density and value. Net operating income: $44,158, Doors: 6 (5 occupied / 83%) Configuration: Renovated 2-bed main floor + 4-room upper unit + unfinished basement (6th door, vacant)Metering: Two hydro meters
Property summary
- MLS® number
- X13522496
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 26.3 x 102 FT
- Annual property taxes
- $2,700.00
- Parking
- No Garage
- Days on market
- 90 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Unfinished, N/A
- Exterior features
- Brick Veneer
What would this home cost you?
Based on the $699,000 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 EXP REALTY, 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.