Hamilton - Strathcona
Hamilton - Strathcona
Listed For $1,148,000
Get Pre-approvedTerminated
This clean, well-maintained investment property offers significant positive cashflow (Gross of almost $5700/month), with the added benefit of a rare and valuable zoning exception that allows for up to five residential units on the site. This large brick home offers four floors of rental rooms (graduate students) and common washrooms in excellent shape; regularly updated by long-term, hands-on owners. Well-equipped with commercial fire alarm system, basement walk-out and more. Comes with architect drawings for development of a large addition to the building that could see property income triple. Project has broad community support and had conditional site plan approval already in place. Situated on beautiful Strathcona Avenue between Main West and King West (on the newly funded LRT line!),
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