12 Days on Market

8 Nightingale St, Hamilton, Ontario L8L 1R6

$899,000
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Detached
6 + 2
4
~2639 sqft

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Highlights

Estimated Value$764,000*

Price/Sqft$340/sqft

Days On Market12 days

Est. Mortgage$3,861/mth

Tax Amount (2023)$3,961/yr

*Last updated on: 24/05/20

Description

Welcome to 8 Nightingale, where investment dreams take flight! Nestled in the coveted Lansdale neighborhood just a stone's throw away from downtown, this expansive 2,022 square foot legal triplex promises not just a property, but a promising investment for astute buyers. Boasting four generously sized 2-bedroom units, this residence stands as a beacon of lucrative possibilities. With an impressive annual gross rent surpassing $60,000 and a cap rate exceeding 6.5%, this property stands tall as a cornerstone for your real estate portfolio. Sitting on a spacious lot measuring 36 feet by 127 feet, ample parking for up to four vehicles awaits, with the added allure of potential for a laneway house, further elevating revenue potential. Moreover, the strategic location - mere steps from the planned LRT stop - positions this property as a prime choice for both current and future tenants, ensuring enduring demand and maximizing your returns. Recent upgrades, including window and roof replacements in 2020, newer kitchens, flooring, lighting and more. More value-adds can be made later during vacancies. Furthermore, separate hydro meters afford convenience and flexibility, streamlining management and enhancing tenant satisfaction. Embrace hassle-free ownership with a property already filled by exceptional tenants. For a deeper dive into the financial landscape and investment potential, detailed financials are available upon request.


Property Details

Style2.5 Storey
View-
Age of property1923
SqFt~2639 SqFt
Lot Size4,595 SqFt(127.5 x 36.04)
Parking Spaces4
MLS ®Number40585172
Community NameLandsdale
Board NameITSO

Features

Heating: Natural Gas, Radiant
Basement: Separate Entrance, Full, Finished

Main Floor

Kitchen

3.12 x 4.04

Bedroom Primary

3.43 x 4.57

Living Room

3.43 x 4.72

Bedroom

2.77 x 3.73


Features

Lot size: 4,595 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Now
Listed for$899,000
11 days on market
history photo preview39
Now
Listed for$899,000
12 days on market
history photo preview46
Jun 8, 2022
Listed for$898,900Delisted
9 days on market
history photo preview18
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Property listed by Keller Williams Signature Realty, Brokerage, Brokerage

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