317 Queen Street

Hamilton (Durand), Ontario L8P3T6

MLS # X13580102

$875,000

Property Details

Type

Multi-Family

Beds

Baths

Status

For Sale

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About this property

Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets.

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Property taxes: about $580/month based on listed annual taxes.

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Rooms

Room	Level	Dimensions
Living room	Main level	4.1 x 3.95
Primary Bedroom	Main level	3.65 x 4.55
Living room	Basement	5.05 x 3.8
Kitchen	Basement	2.29 x 3.4
Primary Bedroom	Basement	5.05 x 2.97
Bedroom	Main level	2.74 x 4.25
Kitchen	Main level	2.74 x 4.25
Living room	Second level	5.59 x 3.35
Dining room	Second level	3.1 x 3.1
Kitchen	Second level	3.1 x 4.1
Bedroom	Second level	3.65 x 3.78
Primary Bedroom	Third level	3.85 x 5.13
Bedroom	Third level	3.56 x 5.99