Home with vinyl exterior material, street for 773 Lawrence Rd, Hamilton Ontario L8K 1Z7
4 days on Market

773 Lawrence Rd, Hamilton, Ontario L8K 1Z7

Detached
5 + 1
3
~2000-2500 sqft
$1,100,000
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Detached
5 + 1
3
~2000-2500 sqft

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Highlights

Property Estimate

Days on market4 days

Estimated valueNot available

Price/Sqft$495/sqft

Monthly cost

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CMA Subject Property

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+6

Properties sold*

$650K

Median sold price*

*Based on last 30 days

Description

A Savvy Investors Dream: Turn-Key Triplex with Guaranteed Positive Cash Flow & stellar tenants already in place. Meticulously renovated dwelling offers a rare opportunity for an investor to acquire a high-performing asset with zero startup headaches. This property was completely renovated July 2022 with an unwavering commitment to quality and longevity with newer shingles and new concrete walkways. The electrical system was redone in 2022 to provide a separate meter & panel for each unit. High efficiency Trane A/C unit with 10 yr warranty was installed in July 2023, and a new York High-Efficiency furnace, both have transferable warranties. All new ductwork for unit #3.Inside, each of the three units have been exquisitely finished to attract & retain premium tenants. In each apt are new modern kitchens featuring sleek quartz countertops, and matching backsplash & five new appliances, for a total of 15 across the property. The bathrooms have all been fully renovated with modern fixtures and finishes. Solar Film professionally applied to 20 windows by SunOut Solutions for enhanced privacy and energy efficiency. Ventilation fans and air intake installed in the crawl space by Black & White Construction to prevent mold and mustiness. The property is equipped with two Wi-Fi-enabled security cameras with remote access and video storage. Each unit, including the rear door for unit one, features keypad locks for keyless convenience. An EcoBee Wi-Fi-enabled thermostat allows for remote temperature control and can be locked with a code, giving the owner full control over efficiency. Added security measures, like bars on glass door inserts and an extra window AC unit, are a commitment to tenant safety& comfort. Nestled just minutes from transit, the Redhill Expressway, and the QEW, to conservation areas, King Forest Golf Club and the Rosedale Tennis Club. Investment Opportunities like this are exceptionally rare & demand swift action.


Property Details

Style2-Storey
ViewHills, Park/Greenbelt, Ridge
Age of property51-99
SqFt~2000-2500 SqFt
Lot Size1,936 SqFt(44 x 44)
Parking Spaces3
MLS ®NumberX12331842
Community NameBartonville
Data SourceTRREB
Listing byRE/MAX ESCARPMENT REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Sep Entrance, Finished

3rd Floor

Bathroom

2.97 x 1.63

3 Pc Bath

Living

3.63 x 3.58

Kitchen

3.58 x 3.29

Laundry

3.15 x 2.59


Features

Lot size: 1,936 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Market Data - Bartonville

Geo Zone Map ThumbnailBartonville

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

24 days

Compared to

2024

74 days

2023

14 days

2022

21 days

New Listings

Past 30 days

5 listings

Compared to

2024

8 listings

2023

3 listings

2022

8 listings

Units sold

Past 30 days

7 units

Compared to

2024

6 units

2023

2 units

2022

3 units

Median Sold Price

Past 30 days

$583,400

Compared to

2024

$650,000

2023

$799,000

2022

$620,000


Population and Demographics

Overview

Total population 3464
Average household income $111,493

Age (%)

0 to 19
18%
20 to 34
22%
35 to 49
20%
50 to 64
23%
65 and plus
18%

Household composition (%)

Single family
60%
Single person
35%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
88%
Others
2%
Spanish
2%
Italian
1%
French
1%
Croatian
1%
Polish
1%

House tenancy (%)

Owners
71%
Renters
29%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget