102 Rosslyn Avenue North, Hamilton (Crown Point), Ontario L8L7P4
Listing courtesy of EXP REALTY.
- $680,000
- 4
- BD
- 3
- BA
- List Price
- $680,000
- MLS®
- X13541340
- Days on Market
- 18
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 4
- Bathrooms
- 3
- Lot Size Dimensions
- 20 x 100 FT
- Subdivision
- Crown Point
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. (id:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- Crown Point
- Parking Spaces
- 2
- Cooling
- Central air conditioning
- Country
- Canada
- Sewer
- Sanitary sewer
- Heating
- Forced air, Natural gas
- Stories
- 2.5
