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74 Locke Street N, Hamilton, ON L8R 3A5

$1,099,000
: 8
BD
: 8
BA
: 3,500
SqFt

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List Price: $1,099,000
MLS#: X13824728
Status: ACTIVE
Type: Multifamily
SubType: Multiplex
Style: 2-Storey
Bedrooms: 8
Bathrooms: 8
Living Area: 3500-5000
Province: ON
Municipality: Hamilton
Area: Hamilton
Neighborhood: Strathcona
Subdivision: Locke St N

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Property Description

Excellent investment opportunity in a prime central Hamilton location. Situated on a prominent corner lot at Locke St N and Peter St, this 3-storey multi-residential property features 8 self-contained residential units consisting of 4 two-bedroom and 4 one-bedroom units, each with separate hydro meters. Offering approximately 4,220 sq ft of living space, 5 parking spaces, coin-operated laundry, boiler heating system and additional basement space. Fully tenanted with established rental income and significant future upside as tenancies turn over. Conveniently located minutes from Victoria Park, Bayfront Park, West Harbour GO, public transit, downtown Hamilton and the shops and restaurants of Locke Street. An opportunity for investors to acquire an established income-producing property in one of Hamilton's most convenient and desirable central locations. Property being sold under Power of Sale on an "as is, where is" basis.

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Additional Information

Taxes: $17,532
Heat Type: Radiant
Heat Source: Gas
Air Conditioning: Other
Family Room: Yes
Kitchens: 8
Exterior: Aluminum Siding, Brick Front
Garage Type: None
Pool: None
Parking Spaces: 5
Parking Type: Lane