8 Nightingale Street, Hamilton ON L8L 1R6

$ 799,000
8 Nightingale Street, Hamilton ON L8L 1R6,
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Overview

  • Updated On:
  • June 22, 2024
  • 8 Bedrooms
  • 4 Bathrooms
  • 2,022 ft2

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.

Address: 8 Nightingale Street, Hamilton ON L8L 1R6
City:
State/County:
Zip: L8L 1R6
Country: CA
Open In Google Maps
Property Id : 1722235
Price: $ 799,000
Property Size: 2,022 ft2
Rooms: 20
Bedrooms: 8
Bathrooms: 4
Other Features
Dishwasher
Dryer
Has Heating System
None
Open Parking
Range Hood
Refrigerator
Stove
Washer
$ 3,097.88
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,097.88

Mazher Latif

Real Estate Agent
Member of: Cityscape Real Estate Ltd., Brokerage

Contact Me

Schedule a showing?
Call +1 (519) 209-6934 WhatsApp

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Mazher Latif