220 EMERALD Street N, Hamilton, Ontario L8L5K8

220 EMERALD Street N
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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

BasementUnfinished, Full
Bathrooms Total3
Bedrooms Total2
CoolingNone
HeatingForced air, Electric, Natural gas
Living Area1324 sqft

Building & Exterior

Exterior FeaturesAluminum siding, Brick Veneer
Number Of Units Total3
Stories2.0
Year Built1891

Land & Location

Frontage Length24.0 feet
Lot Size Area0.05 acres
Lot Size Dimensions0.05
Subdivision Name141 - Lansdale

Listing & Financials

Listing OfficeRoyal LePage NRC Realty Inc.
Originating System NameCornerstone Association of REALTORS®

Other Specifications

Common InterestFreehold
CountryCanada
Parking Total2

For Sale

$429,900

220 EMERALD Street N, Hamilton, Ontario L8L5K8

Beds

2

Baths

3

Living Area

1,324 sqft

Lot Size

0.05 acres

Property Type

Triplex

Year Built

1891

Listing ID40798621

Location & Map

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