13 Westinghouse Avenue, Hamilton, ON Image 1

$859,900

$875,000
1.7% dropped
Multiplex For Sale
MLS - #X11997323
4 days ago- By Keller Williams Signature Realty, Brokerage

13 Westinghouse Avenue, Hamilton, ON L8L 6E4

9 Bed
6 Bath
3000-3500 Sqft.
None Garage

Property Description

Property type

Multiplex

Lot size

N/A

Style

3-Storey

Approx. Area

3000-3500 Sqft

About 13 Westinghouse Avenue

Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Appraised for $975k in Aug 2024. Financials available upon request.

Home Overview

Last updated

4 days ago

Virtual tour

None

Basement information

None

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:None
Cooling:Wall Unit(s)
Heating:Forced Air
Parking Features:Private Double, Available
1
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$2,000,000
Average Price
-57.0%
Lower than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

Walking Icon

Walk Score for 13 Westinghouse Avenue

Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$3284.24/ month
$687,920 Principal and Interest
$825,504 Property Taxes

Some information about this property - Westinghouse Avenue

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