220 EMERALD Street N, Hamilton, Ontario L8L5K8

You really can't miss this value added 3-unit investment that not only makes a strong statement on the street, but is a strong investment too! Not only a bold facade, but a bold 8% potential cap rate make this solid triplex an ideal mix of immediate income and plenty of opportunity to be realized. The fully renovated rear one-bedroom unit is tenanted, while the front studio and second-floor one-bedroom are vacant and ready for updates, allowing you to set market rents and select tenants. Recent improvements include a complete frame-in renovation of the rear unit, as well as new furnace and hot water tank (2021), updated wiring with 200-amp breaker panel and some exterior brick repointing with the front and side painted (2022), rear stairs replaced (2019),. Two rear parking spaces on a concrete driveway with paved alley access, plus proximity to downtown and public transit routes makes it a very attractive prospect to tenants. A practical & profitable opportunity for investors to build long-term equity in an improving Lansdale neighbourhood.
Property Specifications
Comprehensive breakdown of features and details.
Interior Details
Building & Exterior
Land & Location
Listing & Financials
Other Specifications
For Sale
$429,900
Beds
2
Baths
3
Living Area
1,324 sqft
Lot Size
0.05 acres
Property Type
Triplex
Year Built
1891