158 HUNTER Street

Hamilton, Ontario L8N1M7

MLS # 40869427

$1,049,000

Property Details

Type

Townhouse

Beds

Baths

Status

For Sale

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About this property

$90,840 GROSS ANNUAL RENT | $71,929 NET INCOME | 6.86% CAP RATE AT CURRENT LIST PRICE. A compelling opportunity for investors seeking strong cash flow without taking on a major renovation project. Configured & operated as four self-contained rental suites, the property has undergone extensive upgrades, including: new roof & eaves, furnace & A/C, sewer line to the City, updated copper water line, backwater valve, 200-amp electrical service with separated panels, updated plumbing, windows, HVAC distribution, foundation restoration, exterior grading correction, and significant interior renovations. City inspected during permitted renovations to confirm compliance with fire/life-safety upgrades consistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately 2,385 sq ft (MPAC), with in-suite laundry throughout, updated kitchens & bathrooms, and excellent tenant appeal. Located in Corktown steps from Hamilton GO Centre, St. Joseph's Healthcare, parks, the rail trail, Augusta Street restaurants, and downtown. Full income and expense breakdown available.

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Property taxes: about $412/month based on listed annual taxes.

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Rooms

Room	Level	Dimensions
Foyer	Main level	5'9'' x 21'6''
Storage	Basement	10'6'' x 11'1''
Other	Basement	16'7'' x 38'2''
Utility room	Basement	5'8'' x 7'6''
3pc Bathroom	Third level	5'7'' x 10'5''
Bedroom	Third level	17'7'' x 26'10''
2pc Bathroom	Second level	3'8'' x 4'3''
Living room	Second level	8'1'' x 15'3''
Kitchen	Second level	9'0'' x 18'2''
Bedroom	Second level	9'7'' x 11'4''
3pc Bathroom	Second level	5'1'' x 6'6''
Living room	Second level	9'3'' x 11'11''
Kitchen	Second level	8'9'' x 11'11''
Storage	Main level	3'7'' x 9'11''
Bedroom	Main level	11'9'' x 12'4''
3pc Bathroom	Main level	7'1'' x 8'2''
Living room	Main level	9'5'' x 11'11''
Kitchen	Main level	8'1'' x 11'11''
3pc Bathroom	Main level	7'3'' x 7'5''
Great room	Main level	10'8'' x 11'3''