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4C Solidarnosc Place, Hamilton, ON L8L 2V3

$1,699,000
: 4
BD
: 2
BA
: 2,000
SqFt

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List Price: $1,699,000
MLS#: X14173168
Status: ACTIVE
Type: Single Family Residential
SubType: Detached
Style: 2-Storey
Bedrooms: 4
Bathrooms: 2
Living Area: 2000-2500
Province: ON
Municipality: Hamilton
Area: Hamilton
Neighborhood: Stipley
Subdivision: Barton St E / Bamesdale Ave N

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Property Description

Income Today. Development Potential Tomorrow. A compelling investment opportunity in the heart of Hamilton! This approximately 10,000 sq. ft. parcel, roughly 100 x 100 ft., offers exposure on three sides, including a laneway. The existing detached home and substantial detached garage provide current rental income reported at approximately $6,000 per month. Preliminary development concepts envision the possibility of 16 residential units, each approximately 1,200 sq. ft. with 3 bedrooms and 3 bathrooms, subject to verification of feasibility, zoning and all required municipal approvals. Generous frontage and a versatile lot configuration offer an appealing opportunity for investors, developers and long-term holders. Collect rental income while exploring the property's next chapter. Development concepts are illustrative and preparatory work on development design details is underway, subject to municipal review and all required approvals.

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Additional Information

Taxes: $4,521
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: None
Rooms: 8
Kitchens: 1
Exterior: Brick
Waterfront Type: None
Garage Spaces: 6
Garage Type: Detached
Pool: None
Parking Spaces: 27
Parking Type: Private Double