Address
8 NIGHTINGALE STREET, Hamilton, ON
Price
$ 799,000
Property Attributes
  • ID#X8317378
  • TypeSingle Family
  • CityHamilton
  • NeighbourhoodLandsdale
  • Postal CodeL8L 1R6
  • Style
  • Price$ 799,000
  • Bedrooms8
  • Bathrooms4
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)

General Features

Features Irregular lot size,Lane
Property Type Single Family
CommunityName Landsdale
Amenities Public Transit
Building Appliances Refrigerator,Stove
Building Basement Features Apartment in basement,Separate entrance
Parking Space Total 4
Foundation Type Unknown
Building Type Triplex
Building.StoriesTotal 2.5

Interior Features

Building Fireplace Present False
Building Heating Type Radiant heat
Building Heating Fuel Natural gas
Basement Type N/A

Exterior Features

Structure Patio(s)
Land Amenities Public Transit
Sewer Sanitary sewer

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in L8L 1R6

Price
AVG $720K
$800K
Visits
AVG 238
446
Data Provided by Inside Real Estate®