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$725,000

3 Beds

3 Baths

2047 FEETSQ

QuickQuoteTM: $687K - $836K

Hamilton ON, L8M 2X4

MLS® # 40760580

Property Information:

Prime investment opportunity just steps from downtown Hamilton. This legal triplex is fully rented at great rates to long-term tenants. Each unit has undergone professional top-to-bottom renovations. The main floor unit includes a living room, kitchen, one bedroom, and a 4-piece bathroom. On the second level, there's a two-bedroom unit with a living room, kitchen, and another 4-piece bathroom. The upper-level studio boasts a living room/bedroom, kitchen, 4-piece bath, and access to a balcony with stairs leading to the backyard. All units are separately metered, with on-site coin-operated laundry facilities making for easy management and enhanced cash flow. Just a few blocks from Tim Hortons Field and a short stroll to lively Gage Park home to exciting community events all summer long this property is ideally located near schools, public transit, and the vibrant Ottawa Street district, known for its unique shopping and dining. A true turnkey opportunity, perfect for investors looking to secure strong returns in a growing rental market. Don't miss the chance to watch your investment thrive!

Inclusions: Other,All Existing Elfs, Window Coverings, Appliances In The 3 Kitchens (Fridge & Stove)

Exclusions : All Tenant's Belongings. Hot Water Tank.

Building Features:

  • Floor Space: 2047 Square Feet

Property Features:

  • Bedrooms: 3
  • Bathrooms: 3+0
  • Acres Range: < 0.5
  • Architectural Style: 3 Storey
  • Basement: Full, Unfinished
  • Construction Materials: Brick
  • Cooling: Central Air
  • Driveway Parking: Lane/Alley Parking
  • Floor Space (approx): 2047 Square Feet
  • Heating: Baseboard, Natural Gas
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Coin Operated
  • Lot Depth: 87.25 Feet
  • Lot Features: Urban, Rectangular, Library, Park, Place of Worship, Public Parking, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
  • Lot Frontage: 28.90 Feet
  • Parking Features: Other
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: C
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 2

Rooms:

  • Living Main Level 4.06 X 3.61
  • Kitchen Main Level 3.25 X 4.17
  • Bedroom Main Level 4.17 X 2.16
  • Bathroom Main Level
  • Bedroom 2nd Level 3.35 X 2.41
  • Living 2nd Level 3.96 X 3.48
  • Bathroom 2nd Level
  • Bedroom 2nd Level 4.01 X 3.20
  • Kitchen 2nd Level 3.05 X 3.48
  • Kitchen 3rd Level 3.35 X 3.35
  • Bathroom 3rd Level
  • Living 3rd Level 3.05 X 3.48

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Location of 115 Spadina Avenue, Hamilton, ON, L8M 2X4

Demographic Information of 115 Spadina Avenue, Hamilton, ON, L8M 2X4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$91,403.38

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.9 %

High school certificate or equivalent

29.51 %

Apprenticeship trade certificate/diploma

6.01 %

College/non-university certificate

24.76 %

University certificate (below bachelor)

0.89 %

University Degree

18.94 %

Commuter

Travel To Work

By Car

74.46 %

By Public Transit

13.23 %

By Walking

7.41 %

By Bicycle

0.01 %

By Other Methods

4.89 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.24 %

Houses

59.76 %

Own Vs. Rent