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641 LIMERIDGE Road E, Hamilton, Ontario, L8W 1A2

MLS® # 40807060
new listing
Investment For Sale In Thorner, Hamilton, Ontario
$799,900
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641 LIMERIDGE Road E, Hamilton, Ontario, L8W 1A2
$799,900

Property Information:

Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there’s no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Vinyl siding
  • Floor Space: 1462 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Highway access
  • Amenities Nearby: Hospital, Park, Schools, Shopping
  • Floor Space (approx): 1462 Square Feet
  • Lot Depth: 156 Feet
  • Lot Frontage: 80 Feet
  • Zoning: R1
  • Sewer: Municipal sewage system
  • Parking Type: Attached garage
  • No. of Parking Spaces: 4

Courtesy of: RE/MAX Escarpment Realty Inc.

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Sales/Price History

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Market Price Trends

Single family detached

-2.38%

Price change (1 year)

26.15%

Price change (5 years)

All Properties

-2.41%

Price change (1 year)

26.04%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 641 LIMERIDGE Road E, Hamilton, Ontario, L8W 1A2

Demographic Information of 641 LIMERIDGE Road E, Hamilton, Ontario, L8W 1A2

Life Stage

Nearly Retired

Employment Type

Mixed

Average Household Income

$120,443.70

Average Number of Children

1.82

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.23 %

High school certificate or equivalent

31.54 %

Apprenticeship trade certificate/diploma

4.46 %

College/non-university certificate

24.23 %

University certificate (below bachelor)

0.14 %

University Degree

16.4 %

Commuter

Travel To Work

By Car

88.91 %

By Public Transit

5.95 %

By Walking

0.2 %

By Bicycle

0.0 %

By Other Methods

4.94 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

1.78 %

Houses

98.22 %

Own Vs. Rent

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