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$ 1,125,000
Est. payment /mo
Active
43 CROOKS ST Hamilton, ON L8R 2Z7
5 Beds
1,747 SqFt
UPDATED:
01/21/2025 05:35 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1,747 sqft
Price per Sqft $643
Subdivision Strathcona
MLS Listing ID X11933956
Bedrooms 5
Annual Tax Amount $5,012
Tax Year 2024
Property Sub-Type Investment
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: $2,500 Unit 3: $1,750. Unit 2 tenant is moving out and vacant possession will be available. Buyer can move in or set rental to $1,900. With a gross annual income of $73,800 and an impressive cap rate of 5.40%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Dont miss out on this exceptional investment opportunity!
Location
Province ON
County Hamilton
Community Strathcona
Area Hamilton
Zoning D
Rooms
Kitchen 0
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 50.0
Lot Depth 109.0
Building
New Construction false
Others
Senior Community Yes
Listed by RE/MAX ABOUTOWNE REALTY CORP.