$859,900
Available - For Sale
Listing ID: X11997322
13 WESTINGHOUSE Aven , Hamilton, L8L 6E4, Hamilton
| Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Appraised for $975k in Aug 2024. Financials available upon request. |
| Price | $859,900 |
| Taxes: | $4727.00 |
| Tax Type: | Annual |
| Assessment: | $332000 |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 13 WESTINGHOUSE Aven , Hamilton, L8L 6E4, Hamilton |
| Postal Code: | L8L 6E4 |
| Province/State: | Hamilton |
| Legal Description: | PT LT 32, PL 167 , AS IN CD459664; S/T & |
| Lot Size: | 25.58 x 102.22 (Feet) |
| Directions/Cross Streets: | Westinghouse Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 3100.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Taxes Expense: | $4727 |
| Insurance Expense: | $6057 |
| Heat Expenses: | $2072 |
| Hydro Expense: | $1179 |
| Water Expense: | $2243 |
| Gross Income/Sales: | $75718 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Partial |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Gibson |
| Lot Size: | 25.58 x 102.22(Feet) |
| Tax: | $4,727 |
| Fireplace: | N |
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