4 Rosemont Avenue, Hamilton, ON L8L 6M4
- $599,900
- 6
- BD
- 3
- BA
- 1,500
- SqFt
- List Price
- $599,900
- MLS#
- X13518762
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Triplex
- Style
- 2-Storey
- Bedrooms
- 6
- Bathrooms
- 3
- Living Area
- 1500-2000
- Province
- ON
- Municipality
- Hamilton
- Area
- Hamilton
- Neighborhood
- Stipley
- Subdivision
- Barton St E And Sherman Ave N
Property Description
4 Rosemont Avenue Hamilton is an Investment Property (Triplex). A fully occupied, income-producing triplex delivering $37,060 in NOI at a 6.18% current cap rate, with 100% occupancy and central heat and A/C already in place. The building features three self-contained units, one currently used as a 2-bedroom, across four leases, with separate hydro meters that keep operating expenses streamlined, plus a converted double-car garage that now serves as shared storage and coin-operated laundry, adding a secondary income stream. As a fully-leased asset, it contributes dependable in-place income from day one, while the triplex configuration gives an owner scope to optimize the unit mix, renovate, and move rents to market as tenancies turn, a clear renovate-and-add-value path. Location strengthens the case: situated in Hamilton's Stipley neighborhood just blocks from Tim Hortons Field and close to schools, grocery, parks, bus routes, and the city's future LRT, it sits in a transit-oriented pocket. The result is a stable, well-located asset with reliable cash flow today and genuine long-term upside for investors looking to expand their portfolio.
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Additional Information
- Taxes
- $2,400
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Family Room
- Yes
- Kitchens
- 3
- Exterior
- Stucco (Plaster)
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 1
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Listing courtesy of EXP REALTY.