$875,000
Available - For Sale
Listing ID: X13580102
317 Queen Street South , Hamilton, L8P 3T6, Hamilton
| Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets. Full financials available upon request. |
| Price | $875,000 |
| Taxes: | $6960.83 |
| Occupancy: | Partial |
| Address: | 317 Queen Street South , Hamilton, L8P 3T6, Hamilton |
| Directions/Cross Streets: | Homewood Ave/Queen St S |
| Rooms: | 9 |
| Rooms +: | 3 |
| Bedrooms: | 5 |
| Bedrooms +: | 1 |
| Family Room: | F |
| Basement: | Apartment, Separate Ent |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 13.45 | 12.96 | Combined w/Dining |
| Room 2 | Main | Primary B | 11.97 | 14.92 | |
| Room 3 | Main | Bedroom | 8.99 | 13.94 | |
| Room 4 | Main | Kitchen | 8.99 | 13.94 | Walk-Out |
| Room 5 | Second | Living Ro | 18.34 | 10.99 | |
| Room 6 | Second | Dining Ro | 10.17 | 10.17 | |
| Room 7 | Second | Kitchen | 10.17 | 13.45 | Walk-Out |
| Room 8 | Second | Bedroom | 11.97 | 12.4 | |
| Room 9 | Third | Primary B | 12.63 | 16.83 | |
| Room 10 | Third | Bedroom | 11.68 | 19.65 | |
| Room 11 | Basement | Living Ro | 16.56 | 12.46 | |
| Room 12 | Basement | Kitchen | 7.51 | 11.15 | |
| Room 13 | Basement | Primary B | 16.56 | 9.74 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Basement |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Basement |
| Washroom Type 7 | 4 | Main |
| Washroom Type 8 | 4 | Second |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 2 1/2 Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Available, |
| Drive Parking Spaces: | 1 |
| Park #1 | |
| Parking Type: | Available, |
| Park #2 | |
| Parking Type: | Available |
| Park #3 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Square Footage: | 2000-2500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RIGHT AT HOME REALTY |
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HANIF ARKIAN
Broker
Dir:
416-871-6060
Bus:
416-798-7777
Fax:
905-660-5393
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Durand |
| Style: | 2 1/2 Storey |
| Tax: | $6,960.83 |
| Beds: | 5+1 |
| Baths: | 3 |
| Fireplace: | Y |
| Pool: | None |
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