CAONHamiltonGibson125 Sanford Ave N
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125 Sanford Ave N, Hamilton, ON

House

Canceled

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734

MLS® 40786272

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2203 sqft
Garage No
Taxes $3,099
Lot Size 0.06 acres
Approx. Age 1910
Avg. Price Per Sqft $344
MLS® Number 40786272

Property Address: 125 Sanford Ave N, Hamilton, ON, L8L5Z4

Average square foot calculated using Size range provided by listing agent.

Description

Investment opportunity with CAP rate of 6.5%! This cash-positive certified legal duplex with a third unit generated $5, 939 per month, or $71, 268 gross annually in 2024. 2025 income/expense will almost be identical to 2024. This well maintained investment property features 2 hydro meters complete with two 100 amp breaker panels, 3 rear parking spots, a furnace installed in 2022(10 year transferable warranty), tankless rental hot water heater 2023, and a flat roof redone in 2022. The dry basement, offers separate side entrance, includes coin-operated laundry with average 50 per month revenue and ample storage space and optional fourth rental unit addition to boost your income/property value. A major renovation, completed with permits, included updates to copper wiring, copper plumbing, ABS drain system, windows and drywall construction. All units are rented with leases in place. Ultra low vacancy rate(1%) over past 12 years. This smoke-free and pet-free property is an exceptional investment opportunity with a positive cash flow. Private/Self represented buyers are also welcome.Show Description
MLS® Number40786272
Laundry LevelCoin Operated, Common Area, In-Suite, Laundry Room, Lower Level, Shared
Central VacNo
FireplaceNo
Acreage0.06
Exterior
GarageNo
Approx. Age1910
BasementDevelopment Potential, Separate Entrance, Full, Unfinished
DrivewayGravel, Mutual/Shared, Unassigned, Other
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Microwave, Refrigerator, Stove, Stove X2, Fridge X3, Otr Microwave X2, Microwave, Air Fryer, Coin Operated Washer & Dryer, Video Camera Security System (As Is)

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  • Commute

Commute

Starting Address
Destination Address
125 Sanford Ave N, Hamilton, ON

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