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Chuck Bennett

info@nelsonproperty.com +1(250) 354-7471

$ 759,900

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125 N SANFORD Avenue N Hamilton, ON L8L5Z4

7 Beds

2 Baths

2,203 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,203 sqft

Price per Sqft $344

Subdivision 200 - Gibson/Stipley

MLS® Listing ID 40786272

Bedrooms 7

Year Built 1910

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Freehold

Source Cornerstone Association of REALTORS®

Property Description

Investment opportunity with CAP rate of 6.5%! This cash-positive certified legal duplex with a third unit generated $5,939 per month, or $71,268 gross annually in 2024. 2025 income/expense will almost be identical to 2024. This well maintained investment property features 2 hydro meters complete with two 100 amp breaker panels, 3 rear parking spots, a furnace installed in 2022(10 year transferable warranty), tankless rental hot water heater 2023, and a flat roof redone in 2022. The dry basement, offers separate side entrance, includes coin-operated laundry with average 50 per month revenue and ample storage space and optional fourth rental unit addition to boost your income/property value. A major renovation, completed with permits, included updates to copper wiring, copper plumbing, ABS drain system, windows and drywall construction. The loft unit is currently and intentionally kept vacant in case new owner wishes to live in it while renting floors below. Loft unit had been rented for 1450 for documented monthly. This smoke-free and pet-free property is an exceptional investment opportunity with a positive cash flow. Private/Self represented buyers are also welcome. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Extra Room 1 Second level Measurements not available 4pc Bathroom

Extra Room 2 Second level 10'0'' x 10'0'' Eat in kitchen

Extra Room 3 Second level 11'7'' x 10'0'' Bedroom

Extra Room 4 Second level 13'1'' x 9'2'' Bedroom

Extra Room 5 Second level 14'8'' x 10'10'' Bedroom

Extra Room 6 Third level 14'0'' x 12'0'' Family room

Interior

Heating Forced air,

Cooling Window air conditioner

Exterior

Parking Features No

Community Features Industrial Park, Community Centre, School Bus

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2.5

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by New Era Real Estate

Chuck Bennett

Managing Broker

+1(250) 354-7471

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Homes For Sale in Nelson, BC

Chuck Bennett

125 N SANFORD Avenue N Hamilton, ON L8L5Z4

Key Details

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Rooms

Interior

Exterior

Building

Others

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125 N SANFORD Avenue N