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$1,674,900
Est. payment /mo
18 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Beasley
MLS Listing ID X13528686
Style 2-Storey
Bedrooms 18
Annual Tax Amount $8,683
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Prime Downtown Development Gem & Income-Producing Unmissable Opportunity with 7.6% CAP RATE. Secure a high-performing asset with unparalleled future upside. This is a rare chance to acquire six side-by-side Townhouses in a prime Downtown location, offering immediate and significant cash flow from day one. Enjoy a massive annual NOI of $126,743 (Gross Income: $149,892). Tenants cover all utilities directly, ensuring minimal landlord overhead. Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. 2 Units are Vacant and have been recently renovated, ready for new Tenants. The property already holds downtown zoning for an ambitious seven-story mixed-use development. Buyer has the option to pursue severance to create six individual standalone properties, or inquire about acquiring neighboring properties (potentially the entire block) for a transformative large-scale project. The surrounding area is a diverse, high-demand community, perfectly positioned for a dynamic "Live-Work-Play" concept that integrates modern residential units with ground-floor commercial space. Act Now! Whether you're seeking a strong cash-flowing asset or a large-scale development platform, this property delivers.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Basement None
Kitchen 6
Interior
Interior Features Carpet Free
Cooling None
Inclusions 6 Fridges, 6 Stoves, 6 Washers and 6 Dryers
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Building
Foundation Poured Concrete
Others
ParcelsYN No
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