172 Markland Street , Hamilton, ON L8P 2K5
Hamilton, ON L8P 2K5
Description
Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12’x15’ accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantlypurchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request.
Details
| Mls | 40670937 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Days On Site | 32 |
| Listing Provided By | RE/MAX GARDEN CITY REALTY INC, BROKERAGE | Jameson Walter Walsh |
Features
| Sq Feet | 4,165 |
|---|---|
| Basement | Y |
| Storys | 2 |
| Units | 7 |
| Zoning | D |
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Learn More About This Property
| State | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Zip Code | L8P 2K5 |
| Area | 12 Hamilton West |
| Subarea | 124 Durand South |
| Community Name | 124 Durand South |
| Listing VS Median (in 124 Durand South) | |
Price: $1,800,000 low | high Med: $1,049,900 SqFt: 4,165 low | high Med: 2,357 $ / SqFt: $432 low | high Med: $522 On Site: 32 low | high Med: 46.000000 | |