145 VICTORIA AVENUE S

Hamilton (Stinson), Ontario, L8N2T1, Canada

$1,995,000

Rarely offered purpose-built legal 8-Unit investment property in the highly sought-after Stinson neighborhood! This low-maintenance, 3-storey walk-up features separate hydro meters, 8 parking spaces, and spacious 700+sf units occupied by A+ tenants. The building boasts a fantastic suite mix of 6 x 2-bedroom units and 2 x 1-bedroom units, with durable brick and concrete construction and classic terrazzo floors. Gross income of $157,000m, potential to reach $189,000. This turnkey 8-Unit Building has been well cared for with significant capital expenditures. Updates including Heat Pumps and In-Suite Laundry (4/8 units), Parapet Wall Capping (2020), Fire Systems (2021), and more. Coin laundry onsite. Situated at the edge of the escarpment, this premium location is minutes from the Hamilton GO Centre, Hamilton General Hospital, transit stops, and all the amenities of downtown Hamilton, making it a prime choice for tenants. Dont miss this exceptional investment opportunity with strong cash flow and long-term upside. Financials available upon request.

Last updated on : Wednesday 8th of January 2025 05:26:08 PM

ADDRESS

Street : 145 VICTORIA AVENUE S

City : Hamilton (Stinson)

Province : Ontario

Country : Canada

Postal Code : L8N2T1

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PROPERTY SUMMARY

Property ID : X11914148

Building Type : Multi-Family

Property Type : Multi-family

Bedrooms : 14

Bathrooms : 2

Parking : 8

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