158 Hunter Street

Hamilton (Corktown), Ontario L8N1M7

MLS # X13868472

$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, back water 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. Approximately2,385 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
Kitchen	Main level	4.72 x 3.43
Bathroom	Second level	1.98 x 1.55
Bedroom	Second level	3.45 x 2.92
Kitchen	Second level	5.54 x 2.74
Living room	Second level	4.65 x 2.46
Bathroom	Second level	1.3 x 1.12
Bedroom	Third level	8.18 x 5.36
Bathroom	Third level	3.17 x 1.7
Utility room	Basement	2.29 x 1.73
Other	Basement	11.63 x 5.05
Other	Basement	3.38 x 3.2
Great room	Main level	3.43 x 3.25
Foyer	Main level	6.55 x 1.75
Bathroom	Main level	2.26 x 2.21
Kitchen	Main level	3.63 x 2.46
Living room	Main level	3.63 x 2.87
Bathroom	Main level	2.49 x 2.16
Bedroom	Main level	3.76 x 3.58
Other	Main level	3.02 x 1.09
Kitchen	Second level	3.63 x 2.67