74 CATHCART Street

Hamilton, Ontario L8R1M5

MLS # 40854025

$769,000

Property Details

Type

Detached

Beds

Baths

Status

For Sale

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About this property

Welcome to a fantastic investment opportunity in Hamilton. This detached home offers three self-contained units, providing a versatile option for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Extensively updated from top to bottom in 2018, each bright and well maintained unit features its own in-suite laundry and a fully equipped kitchen with fridge, stove, and dishwasher. Two of the three units are currently tenanted, offering immediate rental income. The main-floor unit is rented for $1,599/month, while the upper unit, spanning two levels, is rented for 1,747/month. The vacant lower-level unit was previously rented for $1,300/month, providing an opportunity to set a new rental rate or keep the space available for personal use. Parking is conveniently located at the rear of the property with laneway access (and street parking available). Ideally situated close to shopping, major highways, Lake Ontario, parks, and everyday amenities, this property combines a convenient location with excellent income potential. A turnkey opportunity for investors looking to add a modernized multi unit property to their portfolio. Separately metred for hydro/gas.

Mortgage Estimate

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Property taxes: about $411/month based on listed annual taxes.

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Rooms

Room	Level	Dimensions
Laundry room	Basement	7'1'' x 5'3''
4pc Bathroom	Basement	x
Bedroom	Basement	10'6'' x 10'2''
Kitchen	Basement	9'3'' x 6'11''
Living room	Basement	27'3'' x 9'1''
4pc Bathroom	Third level	x
Laundry room	Third level	6'8'' x 5'2''
Primary Bedroom	Third level	12'2'' x 10'11''
4pc Bathroom	Second level	x
Bedroom	Second level	10'5'' x 12'0''
Living room	Second level	13'3'' x 16'5''
Kitchen	Second level	14'7'' x 16'5''
4pc Bathroom	Main level	x
Laundry room	Main level	x
Bedroom	Main level	12'1'' x 9'4''
Living room	Main level	12'4'' x 13'1''
Kitchen	Main level	13'4'' x 12'10''