Home with brick exterior material, street for 56 Erie Ave, Hamilton Ontario L8N 2W6
18 days on Market

56 Erie Ave, Hamilton, Ontario L8N 2W6

Townhouse
5
3
- sqft
$749,000
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Townhouse
5
3
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$3,217/mo

Tax Amount (2024)$2,520/yr

Days On Market18 days


Description

Income-Generating Legal Duplex in the Heart of Hamilton! An incredible investment opportunity awaits in the core of Hamilton! This well-maintained 3-unit property offers attractive rental income with Unit 3 becoming vacant on May 1stperfect for an investor or a savvy buyer looking to live in one unit while renting out the others. Current Rents (All Inclusive of Utilities): Unit 1 $1,890/month; Unit 2 $1,895/month (In-Suite Laundry!); Unit 3 $1,340/month (Vacant May 1st!) Additional income is generated through coin-operated laundry for Units 1 and 3. Street Parking is available for Tenants. You'll love this TURNKEY Investment Strong rental history with market rents. Dont miss outschedule a viewing today!


Property Details

Style3-Storey
View-
Age of property-
SqFt-
Lot Size3,750 Ac(150 x 25)
Parking Spaces-
MLS ®NumberX12021311
Community NameStinson
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Basement: Sep Entrance, Full

Features

Lot size: 3,750 Ac

Property listed by EXP REALTY, Brokerage

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Population and Demographics

Overview

Total population 4917
Average household income $98,451

Age (%)

20 to 34
29%
35 to 49
20%
50 to 64
19%
65 and plus
17%
0 to 19
16%

Household composition (%)

Single person
49%
Single family
42%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
83%
Others
5%
Spanish
3%
Arabic
2%
Tagalog (Pilipino, Filipino)
2%
French
2%

House tenancy (%)

Renters
73%
Owners
27%

Schools and amenities

Estimated Budget