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$ 429,900
Est. payment /mo
New
220 Emerald ST N Hamilton, ON L8L 5K8
2 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Landsdale
MLS Listing ID X12697068
Style 2-Storey
Bedrooms 2
Annual Tax Amount $2,490
Tax Year 2025
Property Sub-Type Triplex
Property Description
You really can't miss this value added 3-unit investment that not only makes a strong statement on the street, but is a strong investment too! Not only a bold facade, but a bold 8% potential cap rate make this solid triplex an ideal mix of immediate income and plenty of opportunity to be realized. The fully renovated rear one-bedroom unit is tenanted, while the front studio and second-floor one-bedroom are vacant and ready for updates, allowing you to set market rents and select tenants. The main floor could be consolidated back into one unit for the owner who may want to live in and rent the upper unit. Recent improvements include a complete frame-in renovation of the rear unit, as well as new furnace and hot water tank (2021), updated wiring with 200-amp breaker panel and some exterior brick repointing with the front and side painted (2022), rear stairs replaced (2019),. Two rear parking spaces on a concrete driveway with paved alley access, plus proximity to downtown and public transit routes makes it a very attractive prospect to tenants. A practical & profitable opportunity for investors to build long-term equity in an improving Lansdale neighbourhood.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 3
Interior
Interior Features Accessory Apartment, Water Heater Owned
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Lane, Private Double
Pool None
Roof Type Asphalt Shingle
Lot Frontage 23.58
Lot Depth 95.85
Total Parking Spaces 2
Building
Building Age 100+
Foundation Stone
Others
ParcelsYN No
Listed by ROYAL LEPAGE NRC REALTY
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