Listing Presented by PAUL LALAMA, Broker with Garden City Realty Inc., Brokerage St.Catharines
(905) 323-7055
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Contact:PAUL LALAMA, Broker
Garden City Realty Inc., Brokerage St.Catharines Direct Line:(905) 323-7055 Mobile:(905) 325-5066 Fax:(905) 684-1321
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MLS®#: 40670937
$1,800,000
172 Markland Street
Hamilton
ON
L8P 2K5
Active
Description:
Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property.
This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12?x15? accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing.
The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood.
Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly?purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy.
Full financials available upon request.
Directions:
AT N/E Corner of Markland & Hess St. South
Property Type: Residential Income Property Sub-Type: Multi-6-9 Unit Area: 12 - Hamilton West Square Feet: 4165
Age:
0 Basement: Partial, Partially Finished Neighborhood: 124 - Durand South County: Hamilton Lot Dimensions: 74 x 56.29 Taxes: $10,034.00 Tax Year: 2023 Total Units: 7 Cooling: Other Exterior: Stucco, Wood Siding, Other Heat: Natural Gas Roof: Other Sewer: Sewer (Municipal) Water: Municipal Zoning: D
Financing:
Taxes: $10,034.00
FEATURES:
Basement
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