295 Melvin Avenue new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8H 2K6
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 17,150 sqft
Price per Sqft $233
MLS Listing ID 40723183
Bedrooms 25
Annual Tax Amount $39,037
Property Sub-Type Apartment
Property Description
THIS 20 UNIT MULTIPLEX APARTMENT BUILDING PRESENTS A PRIME INVESTMENT OPPORTUNITY, FEATURING 15 ONE-BEDROOM UNITS AND 5, TWO-BEDROOM UNITS. EACH TENANT PAYS THEIR OWN HYDRO, ADDING TO THE INVESTMENT APPEAL. THE BUILDING IS EQUIPPED WITH THERMAL WINDOWS AND IS CONVENIENTLY LOCATED WITHIN WALKING DISTANCE OF SCHOOLS, SHOPPING CENTERS, AND RESTAURANTS, CATERING TO ALL YOUR TENANTS' NEEDS. SITUATED IN A PRIME LOCATION, THIS THREE-STOREY WALK-UP OFFERS SUBSTANTIAL UPSIDE POTENTIAL WITH 12 VACANT UNITS READY FOR RENOVATION. THIS SOLID INVESTMENT PROPERTY ALLOWS FOR REPOSITIONING TO ACHIEVE MARKET RENTS. DON'T MISS OUT ON THIS RARE CHANCE TO MAXIMIZE CASH FLOW AND EQUITY GROWTH!
Location
Province ON
County Hamilton
Area 23 - Hamilton East
Zoning E
Rooms
Kitchen 0
Interior
Heating Radiant
Cooling None
Laundry Coin Operated,Shared
Exterior
Roof Type Flat
Building
Lot Description City Lot,Place of Worship,Public Transit,Schools,Shopping Nearby
Story 3
Foundation Block,Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No