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INVESTORS DREAM "Cash Flow Positive" LEGAL 4-PLEX" in Hamilton!! Purchased in 2022, the building had been completely gutted and fully renovated from top to bottom!! Most importantly, The building nets $140,000+ annually!!! (See Income/Cash Flow Sheet) Giving it a current cap rate of 7.5% Enjoy the income of an 8-plex with the minimal maintenance of 4 units! This 4-Plex has been designed professionally and legally re-built from the brick in. Everything is new: New roof, new windows, new eavestroughs, new plumbing, new HVAC, new furnaces, new A/C's, new decking, new fire escapes, spray-foam insulation, basement waterproofing, concrete, sump-pump, weeping tiles, custom kitchens, quartz countertops, luxury vinyl, hardwood staircases & railings, maintenance free landscaping, and much, much more!! All work completed legally with permits!! Upper unit spans 2 floors, 1300 sq ft and is a 2 bdrm 1 bath, with loft. The main unit is a 2 bdrm 1 bath. Both units have in-suite laundry. Plus: 2 new executive studio suites below Fitted for laundry. 2 parking spots on-site, leased parking spots available behind the house if needed. Hydro separately metered.This Smart Building is outfitted with security cameras, alarm system, lights, thermostats and door locks all controlled right from your phone. BONUS: free street parking located close by. Don't miss this turn-key, maintenance-free, investment opportunity...all the work has been done for you! Alternatively enjoy the large upper unit for yourself and rent the 3 units below to live mortgage free!! Building can be sold furnished and vacant. Book your showing today!
All furniture (Beds, Chairs, Couches), All Appliances, TVs, Security Cameras, Smart Keys, ELFs & Window Coverings
City: Hamilton
Neighborhood: Stinson
Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
---|---|---|---|---|---|
Feb 10, 2025 | 42 | $1,898,000 | N/A | Suspended | X11967847 |
May 13, 2024 | 113 | $1,499,000 | N/A | Suspended | X8333544 |
Sep 6, 2022 | 56 | $699,900 | $660,000 | Sold | X5753640 |
Jun 2, 2022 | 96 | $784,900 | N/A | Suspended | X5643798 |
May 11, 2022 | 27 | $849,900 | N/A | Suspended | X5614189 |
Apr 14, 2022 | 27 | $899,900 | N/A | Suspended | X5578116 |
Mar 28, 2022 | 44 | $849,900 | N/A | Suspended | X5553431 |
Mar 9, 2022 | 19 | $799,900 | N/A | Suspended | X5529741 |
Purchase Price | $1699800 |
Down Payment | $339960 |
Mortgage Insurance | $0 |
Total Mortgage | $1359840 |
Mortgage Payment | $8380 |
Property Taxes | $270 |
Maintenance Fees | $0 |
Monthly Payment | $8650 |
Located at 88 Tisdale St S , this Hamilton house is available for sale. This property was listed for $1,699,800 on Mon Mar 24 2025. This house's size is 3000-3500 Sqft. It has 7 bedrooms and 4 bathrooms. The property includes the following rooms: Br, Br, Br, 2nd Br, Kitchen, Living, Mudroom, Br, 2nd Br, Kitchen, Living, Mudroom, Loft. This property comes with 2 parking spots. 88 Tisdale St S, Hamilton is situated in the Stinson neighbourhood.
MLS#: X12038207 · $1,699,800 · 7 bedroom house in Stinson, Hamilton