$1,699,900

Investment For Sale In Stipeley, Hamilton, Ontario

$1,699,900

Property Information:

A rare opportunity to own a solid purpose-built 6 plex with a bonus non-conforming bachelor unit, delivering seven income streams under one roof. Situated in Hamilton's rapidly growing east end, this property offers reliable returns and long-term upside. Featuring six spacious 2 bedroom units that attract a wide tenant base, along with great long term tenants already in place, investors can step into stable cash flow from day one. Just steps to the future LRT line, the building benefits from excellent visibility, walkability, and ongoing rental demand. Recent upgrades include a new water line connection (2025) and a new boiler (2025) New Windows (2023 in the upper units) 6 Separate newer Hot Water Tanks (3 purchased in 2025). A detached garage provides extra storage or potential for future development leaving room for additional value. This is a turnkey, income-generating asset in one of Hamilton's fastest growing corridors. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Air Conditioning: Yes
  • Amenities: Separate Hydro Meters
  • Basement Type: N/A, N/A
  • Exterior Finish: Brick
  • Fireplace: Yes
  • Floor Space: 3000 - 3500 sqft
  • Flooring Type: Hardwood, Tile
  • Foundation Type: Unknown
  • Cooling Type: Window air conditioner
  • Appliances: Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 13
  • Bathrooms: 7
  • Features:
  • Floor Space (approx): 3000 - 3500 Square Feet
  • Irregular: Yes
  • Lot Depth: 91.5 Feet
  • Lot Frontage: 63.1 Feet
  • Lot Size: 63.1 x 91.5 FT
  • Utility Type: Sewer - Installed, Hydro - Installed
  • Zoning: c
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 5

Rooms:

  • Family Main Level 4.08 m x 3.63 m
  • Dining Main Level 3.02 m x 5.23 m
  • Bedroom Main Level 2.61 m x 2.71 m
  • 2nd Bedroom Main Level 2.61 m x 2.79 m
  • Bathroom Main Level 1.60 m x 1.80 m
  • Kitchen Main Level 3.38 m x 2.49 m

Courtesy of: RED HOUSE REALTY

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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