74 Cathcart Street, Hamilton, ON L8R 1M5

$769,000
: 4
BD
: 4
BA
: 1,500
SqFt

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List Price: $769,000
MLS#: X13663580
Status: ACTIVE
Type: Multifamily
SubType: Duplex
Style: 2 1/2 Storey
Bedrooms: 4
Bathrooms: 4
Living Area: 1500-2000
Province: ON
Municipality: Hamilton
Area: Hamilton
Neighborhood: Beasley
Subdivision: Cannon St E / Wellington St N

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Property Description

Welcome to a fantastic investment opportunity in Hamilton. This detached home offers three self-contained units, providing a versatile option for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Extensively updated from top to bottom in 2018, each bright and well maintained unit features its own in-suite laundry and a fully equipped kitchen with fridge, stove, and dishwasher. Two of the three units are currently tenanted, offering immediate rental income. The main-floor unit is rented for $1,599/month, while the upper unit, spanning two levels, is rented for $1,747/month. The vacant lower-level unit was previously rented for $1,300/month, providing an opportunity to set a new rental rate or keep the space available for personal use. Parking is conveniently located at the rear of the property with laneway access (and street parking available). Ideally situated close to shopping, major highways, Lake Ontario, parks, and everyday amenities, this property combines a convenient location with excellent income potential. A turnkey opportunity for investors looking to add a modernized multiunit property to their portfolio. Separately metered for hydro/gas.

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Additional Information

Taxes: $4,936
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: Central Air
Kitchens: 3
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 2
Parking Type: Private Double