Incredible investment opportunity in the heart of Hamilton's desirable Durand North neighbourhood! This legal fourplex is ideally located near hospitals, public transit, and the city's trendiest shops, restaurants, and amenities. Generating strong gross monthly rents of $8,280, the property features four separately metered units, each with its own hydro meter and tankless hot water heater. Tenants pay their own heat, hydro, and water, offering a low-maintenance and cost-efficient ownership structure. A private driveway leads to a rear parking lot, providing convenient off-street parking for residents. As an added bonus, enjoy six months of free professional property management - making this a turnkey opportunity for investors seeking value and steady income. (id:4555)
PROPERTY SPECS
Price $1,499,000
City Hamilton, Ontario
Bed / Bath 10 / 5 Full, 2 Half
Address 220 Caroline Street
Listing ID X12534332
Style Fourplex
Parking 4.00
Type Multi-Family
Status For Sale
EXTENDED FEATURES
Community FeaturesCommunity CentreOwnershipFreeholdBasementFinished, N/AHeating / CoolingForced air, Natural gasSewerSanitary sewerParking4.00