Have you been looking for the perfect investment property? This awesome Victorian fourplex is located in trendy Corktown, one of Hamilton, Ontario’s most desirable neighbourhoods! The home contains three two bedroom units, and a one bedroom unit, and is an income generating machine! It is currently earning $43K per year and could easily earn between $65K – $70K+ per year as tenants turn over. This property would be an excellent additional to any investment portfolio or would make a great home for someone who’d prefer to have their tenants pay their mortgage!
This home is located on a dead end street, directly across the from Central Memorial Recreation Centre and a stones 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!)
The property has had many updates over the last several years including, windows (2013), New Roof (2014), New Eavestroughs (2014), New Boiler (2017), Electrical Panel and a New Fence (2019)! There have also been several cosmetic update over the years and much of the original character of the property has been retained!
The home is occupied by lovely long-term tenants staying on a month to month basis, and is truly a turnkey opportunity!
Please contact me for more information!