$899,900

78 West Avenue S

Hamilton ON, L8N 2S3

Description

Great investment property, or move in to one of the units and let the tenants pay your mortgage! Producing more than $43K / year income with potential to easily earn $65- $70K+ / year. This awesome Victorian home is located in sought after Corktown, on a very quiet dead end street, directly across from Central Memorial Recreation Centre and a stone's throw from Carter Park. At the end of the street, there is a walking path which allows you to access Wellington St S, and provides convenient access to shopping, public transit and the amazing Claremont Access enclosed bike lane (mountain access). This property is just a quick bike ride to Mohawk College and a quick walk to so many wonderful amenities! (Check out the video, 3D walk-through, pictures and floor plan in the virtual tour link!) The property has had many updates over the last several years including, windows (2013), new roof (2014), new eavestroughs (2014), new boiler / tankless water heater (2017), electrical panel, and a new fence (2019). Coin operated Washer & Dryer (laundry located in common area on main level (not on floor plan)! There have also been several cosmetic updates over the years and much of the original character of the property has been retained! Vacant possession of Main & Second Floor possible. Currently occupied by long term tenants month to month (financials attached). Turnkey opportunity! "E" zoning permits multiple uses including lodges, multiple -dwellings, clubs etc. Legal non-conforming duplex + 2 extra units. Committee of Adjustments has permitted conversion to a non-conforming triplex, but permits have not been issued. Buyer to do their own due diligence regarding zoning and their desired use. The seller does not warrant the legal status of the property.

Details

MLS#40108330
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1905
Days On Site50

Features

Bed(s)7
Bath(s) 5 Total
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Area Information
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8N 2S3
Area14 - Hamilton Centre
Listing VS Median (in L8N 2S3)
Price:
$899,900
low | high
Med:
$899,900
50% of Average
On Site:
50
low | high
Med:
50
100% of Average
Sourced by Back At You
Listing Updated: June 22, 2021 8:11:23 PM PDT
Michelle Hawco LogoMLS Number: 40108330
Listing Provided By:
Michelle Hawco  of  RE MAX Real Estate Centre Inc Brokerage
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