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43 Crooks Street, Hamilton, ON L8R 2Z7

$929,000
: 5
BD
: 3
BA
: 1,500
SqFt

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List Price: $929,000
MLS#: X13827776
Status: ACTIVE
Type: Multifamily
SubType: Multiplex
Style: 2-Storey
Bedrooms: 5
Bathrooms: 3
Living Area: 1500-2000
Province: ON
Municipality: Hamilton
Area: Hamilton
Neighborhood: Strathcona
Subdivision: York Blvd & Crooks St.

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Property Description

Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,300, Unit 2: $1,900, and Unit 3: $1,750. With a gross annual income of $71,400 and an impressive cap rate of 5.95%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Ideally situated in Hamilton's desirable Strathcona neighbourhood, this property is conveniently located near restaurants, cafés, shopping, parks, and everyday amenities, with Dundurn Park, Locke Street, downtown Hamilton just minutes away, and Burlington Bay all within easy reach. Enjoy easy access to public transit and West Harbour GO Station, offering hourly GO train service with connections to Toronto and destinations along the Lakeshore West corridor. A fantastic location combining urban convenience, recreation, and commuter accessibility. Don't miss out on this exceptional investment opportunity!

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Additional Information

Taxes: $6,586
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: Central Air
Rooms: 10
Family Room: Yes
Kitchens: 3
Exterior: Aluminum Siding, Brick
Garage Spaces: 2
Garage Type: Detached
Pool: None
Parking Spaces: 10
Parking Type: Private Double