Property Information:

Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there's no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Finished
Basement Type: N/A, N/A, Full
Construction Style - Attachment: Detached
Exterior Finish: Vinyl siding
Floor Space: 1100 - 1500 sqft
Foundation Type: Unknown
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4
Bathrooms: 2
Amenities Nearby: Hospital, Park, Public Transit
Community Features: Community Centre
Floor Space (approx): 1100 - 1500 Square Feet
Irregular: Yes
Lot Depth: 156 Feet
Lot Frontage: 80 Feet
Lot Size: 80 x 156 FT
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 4

Rooms:

Loft 2nd Level 6.58 m x 3.05 m
Bedroom 2nd Level 4.34 m x 3.05 m
Utility Basement Level Measurements not available
Recreation Room Basement Level 7.37 m x 5.23 m
Bathroom Basement Level Measurements not available
Living Main Level 3.43 m x 4.34 m
Kitchen Main Level 4.83 m x 3.45 m
Bathroom Main Level Measurements not available
Primary Bedroom Main Level 4.32 m x 3.05 m
Bedroom Main Level 3.53 m x 3.53 m
Bedroom Main Level 3.12 m x 2.74 m

Convert Measurement to:

Courtesy of: RE/MAX ESCARPMENT REALTY INC.

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Demographic Information of 641 LIMERIDGE ROAD E, Hamilton, Ontario, L8W 1A2

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$120,443.70

Average Number of Children

1.82

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.23 %

High school certificate or equivalent

31.54 %

Apprenticeship trade certificate/diploma

4.46 %

College/non-university certificate

24.23 %

University certificate (below bachelor)

0.14 %

University Degree

16.4 %

Commuter

Travel To Work

By Car

88.91 %

By Public Transit

5.95 %

By Walking

0.2 %

By Bicycle

0.0 %

By Other Methods

4.94 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

1.78 %

Houses

98.22 %

641 LIMERIDGE ROAD E, Hamilton, Ontario, L8W 1A2