Hamilton - Stinson
Hamilton - Stinson
Listed For $799,000
Get Pre-approvedTerminated 6 months ago
Currently generating a strong 6.2% cap rate, this well-cared-for legal triplex is ideal for investors and owner-occupiers seeking turn-key income. Strong cashflow with easy potential to convert to a legal fourplex and further increase income. Reliable tenants. With all units above ground, this property has great character, natural light, green outdoor spaces, and ample parking in both front and rear. Main floor is a large 3-bedroom unit with basement, private fenced backyard, and shed. 2nd floor has a 1-bedroom unit with spacious kitchen and 2-bedroom unit with open-concept kitchen. Unit 2 & 3 share an additional semi-private backyard. All units have en-suite washer/dryers. Three hydro meters. Additional outdoor staircase to 2nd floor. INCOME & EXPANSION POTENTIAL - Unit 1 offers potential
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