102 Rosslyn Avenue N, Hamilton, ON L8L 7P4
- $649,000
- 4
- BD
- 3
- BA
- 1,100
- SqFt
- List Price
- $649,000
- Price Change
- ▼ $31,000 1786575096
- MLS#
- X13541340
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 2 1/2 Storey
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 1100-1500
- Province
- ON
- Municipality
- Hamilton
- Area
- Hamilton
- Neighborhood
- Crown Point
- Subdivision
- Rosslyn Ave. & Roxborough Ave.
Property Description
102 Rosslyn Avenue N, Hamilton is an investment property within a portfolio. A five-door rooming house with a self-contained basement unit, offered at a 6.10% in-place cap rate on current rents. This property generates $54,660 in gross annual rent and $41,460 NOI, with one door currently vacant and ready for immediate lease-up. The upper floors offer four main rooms, one with a private bath, above a separate 2-room basement unit with its own layout. Recent capital upgrades - a new water heater and furnace, in-suite washer and dryer, and central heat and A/C - mean minimal near-term capital outlay for a new owner, and 2-car parking adds a rentable amenity. Four of the five upstairs doors are already month-to-month, giving a new owner substantial room to reset rents to market across the upper unit on standard notice. The separate basement unit is currently vacant and available for immediate lease-up at an asking rent of $1,350/month, adding a distinct income stream that can be repositioned independently of the rest of the property.
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Additional Information
- Taxes
- $3,130
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 2
- Exterior
- Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 2
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Listing courtesy of EXP REALTY.