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Royal LePage
Royal LePage
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$429,900

220 EMERALD Street N, Hamilton, Ontario, L8L 5K8

MLS® # 40798385

2 Beds

3  Baths

1324  FEETSQ

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Hamilton ON, L8L 5K8

MLS® # 40798385

Property Information:

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. The main floor could be consolidated back into one unit for the owner who may want to live in and rent the upper unit. 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. (id:7525)

Building Features:

  • Style: Semi-Detached
  • Building Type: House
  • Architectural Style: 2 Level
  • Basement Development: Unfinished
  • Basement Type: Full
  • Construction Style - Attachment: Semi-detached
  • Exterior Finish: Aluminum siding
  • Floor Space: 1324 sqft
  • Heating Type: Forced air, Space Heater
  • Heating Fuel: Electric, Natural gas
  • Cooling Type: None
  • Appliances: Refrigerator, Stove, Hood Fan

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 2
  • Bathrooms: 3
  • Amenities Nearby: Public Transit
  • Built in: 1891
  • Floor Space (approx): 1324 Square Feet
  • Irregular: Yes
  • Lot Depth: 96 Feet
  • Lot Frontage: 24 Feet
  • Lot Size: 0.05 Acres
  • Zoning: R1a
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 2

Rooms:

  • Bathroom 2nd Level Measurements not available
  • Bedroom 2nd Level 10'7'' x 11'5''
  • Kitchen 2nd Level 12'6'' x 9'5''
  • Living 2nd Level 11'4'' x 10'4''
  • Storage Basement Level Measurements not available
  • Utility Basement Level Measurements not available
  • Bathroom Main Level Measurements not available
  • Living Main Level 12'0'' x 9'0''
  • Kitchen Main Level 7'9'' x 6'4''
  • Bathroom Main Level Measurements not available
  • Bedroom Main Level 7'2'' x 11'5''
  • Living Main Level 11'0'' x 14'3''
  • Kitchen Main Level 11'4'' x 15'0''

REALTOR.ca  

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Location of 220 EMERALD Street N, Hamilton, Ontario, L8L 5K8

Demographic Information of 220 EMERALD Street N, Hamilton, Ontario, L8L 5K8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$82,327.62

Average Number of Children

1.74

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

30.91 %

High school certificate or equivalent

27.27 %

Apprenticeship trade certificate/diploma

5.15 %

College/non-university certificate

19.19 %

University certificate (below bachelor)

0.96 %

University Degree

16.52 %

Commuter

Travel To Work

By Car

74.14 %

By Public Transit

12.48 %

By Walking

9.35 %

By Bicycle

0.0 %

By Other Methods

4.03 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

32.81 %

Houses

67.19 %

Own Vs. Rent

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