68 Kinrade Avenue Hamilton, Ontario L8L 6L6
$649,999
Property Description
Cash Flow Goldmine in Gibson/Stipley! Projected Income of $81,000 with Unheard-of Cap Rate. Don’t Miss This Legal Fully vacant triplex is an absolute standout, offering unique potential to have your mortgage paid for you. Whether you’re an investor or homeowner looking to live in one unit while renting the others, the potential is undeniable. With projected annual rent of approx. $81,000 and estimated expenses of around $6,800, this property could deliver a potential Net Operating Income (NOI) of $74,200, offering unheard-of returns with double-digit cap rate. Each of the three fully renovated units boasts nearly 1,000 sq. ft. of living space, in-suite laundry, modern kitchens w/new flring, upgraded plumbing, electrical wiring, fully renovated bathrms, and all appliances. Recent waterproofing ensures the property is protected for years to come. Separate gas and hydro meters for each unit keep operating costs low, making this property a potential cash flow powerhouse. Located in one of Hamilton’s most vibrant neighborhoods, just steps from Tim Hortons Field, home of the Hamilton Tiger-Cats, & near Gage Park & trendy dining spots, this property’s location is ideal for tenants & owners alike. Whether you’re looking to capitalize on this investment or settle into one of the units while renting out the others, this triplex offers a stress-free ownership experience with everything already upgraded from top to bottom. Don’t miss out on this incredible income-generating potential (id:29277)
Property Details
Building
Parking
| No Garage |
Land
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Laundry Room | ' '' x ' '' | ||
| Second Level | 4pc Bathroom | 7' '' x 6' '' | ||
| Second Level | Bedroom | 10' 7'' x 10' 5'' | ||
| Second Level | Bedroom | 10' 7'' x 8' 10'' | ||
| Second Level | Living Room | 17' 3'' x 10' '' | ||
| Second Level | Kitchen | 17' 3'' x 10' '' | ||
| Third Level | Storage | 7' 4'' x 7' 5'' | ||
| Third Level | Bedroom | 14' 6'' x 9' 10'' | ||
| Basement | Utility Room | Measurements not available | ||
| Basement | Laundry Room | Measurements not available | ||
| Basement | 3pc Bathroom | 5' 6'' x 9' 5'' | ||
| Basement | Bedroom | 12' '' x 9' 10'' | ||
| Basement | Bedroom | 12' '' x 14' '' | ||
| Basement | Living Room/dining Room | 16' 6'' x 9' 8'' | ||
| Basement | Kitchen | 9' 2'' x 9' 4'' | ||
| Ground Level | Laundry Room | ' '' x ' '' | ||
| Ground Level | 4pc Bathroom | 9' 4'' x 5' '' | ||
| Ground Level | Bedroom | 10' 10'' x 11' '' | ||
| Ground Level | Bedroom | 12' 7'' x 10' 11'' | ||
| Ground Level | Living Room/dining Room | 17' 2'' x 11' 4'' | ||
| Ground Level | Eat In Kitchen | 10' 10'' x 9' 4'' |
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Price History
| Date | Price | Event |
|---|---|---|
| 06 September 2024 | $649,999 | List last updated |
| XX/XX/XX | $ XXXXXX | XXXXXXXX |
| XX/XX/XX | $ XXXXXX | XXXXXXXX |
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Toronto ON MIB 3C3
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September 06 2024 03:16:28
REALTORS® Association of Hamilton-Burlington
RE/MAX Real Estate Centre Inc.