171 Stone Church Road E, Hamilton, Ontario L9B 1A8

Listed for:
$1,299,900
16 beds
4 baths
Listed 6 days ago
House for rent: 171 Stone Church Road E, Hamilton, Ontario L9B 1A8

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Learn more about this property
Listing provided by:
REVEL REALTY INC.
MLS® number:
X12008328
Agent:
Abdellah Majd
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About

Upper Wellington Strete INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 19th room! (id:27476)

Property Highlights

MLS® Number
X12008328
Type
Single Family
Community Name
Jerome
Ownership Type
Freehold
Land Size
60 x 123.8 Acre
Parking Space Total
6

Building

Building Type
House
Storeys
2.00
Bathrooms Total
4
Bedrooms Above Ground
16
Bedrooms Total
16
Exterior Finish
Brick
Fireplace Present
Yes
Basement Type
N/A (Finished)
Basement Features
Separate entrance
Building Heating Type
Radiant heat
Heating Fuel
Natural gas
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Street Spotlight - For sale