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$ 775,000
Est. payment /mo
New
8 Nightingale ST Hamilton, ON L8L 1R6
8 Beds
4 Baths
UPDATED:
03/08/2025 01:07 AM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Landsdale
MLS Listing ID X12008186
Style 2 1/2 Storey
Bedrooms 8
Annual Tax Amount $4,100
Tax Year 2024
Property Sub-Type Triplex
Property Description
Welcome to 8 Nightingale, where investment dreams take flight! Nestled in the coveted Lansdale neighborhood just a stone's throw away from downtown, this expansive 2,022 square foot legal triplex promises not just a property, but a promising investment for astute buyers. Boasting four generously sized 2-bedroom units, this residence stands as a beacon of lucrative possibilities. With an impressive annual gross rent surpassing $60,000 and a cap rate exceeding 6.5%, this property stands tall as a cornerstone for your real estate portfolio. Sitting on a spacious lot measuring 36 feet by 127 feet, ample parking for up to four vehicles awaits, with the added allure of potential for a laneway house, further elevating revenue potential. Moreover, the strategic location - mere steps from the planned LRT stop - positions this property as a prime choice for both current and future tenants, ensuring enduring demand and maximizing your returns. Recent upgrades, including window and roof replacements in 2020, newer kitchens, flooring, lighting and more. More value-adds can be made later during vacancies. Furthermore, separate hydro meters afford convenience and flexibility, streamlining management and enhancing tenant satisfaction. Embrace hassle-free ownership with a property already filled by exceptional tenants. For a deeper dive into the financial landscape and investment potential, detailed financials are available upon request.
Location
Province ON
County Hamilton
Community Landsdale
Area Hamilton
Zoning D
Rooms
Family Room No
Basement Separate Entrance, Apartment
Kitchen 4
Interior
Interior Features Other
Cooling None
Inclusions Fridge (4), Stove (4), ELFs
Exterior
Exterior Feature Patio
Parking Features Lane
Pool None
Roof Type Asphalt Shingle
Lot Frontage 36.04
Lot Depth 127.5
Total Parking Spaces 4
Building
Foundation Unknown
Others
Senior Community No
Virtual Tour https://sites.genesisvue.com/8nightingalest/?mls
Listed by KELLER WILLIAMS SIGNATURE REALTY