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$799,000
Est. payment /mo
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Rosedale
MLS Listing ID X12241599
Style 1 1/2 Storey
Bedrooms 6
Building Age 51-99
Annual Tax Amount $3,887
Tax Year 2024
Property Sub-Type Detached
Property Description
Welcome to 2 Lydia Street a TURNKEY triplex nestled on a quiet residential street just minutes from downtown, transit, park and school on a highly desirable Rosedale area of Hamilton . Whether you're an investor seeking cash flowing rental income or a homeowner looking to live in one unit while renting out the others, this property offers unmatched flexibility and value. This exceptional property features 4+2 bedrooms, 3 bathrooms, 3 kitchens, and is spread across three finished levels, offering a versatile layout perfect for investors, multi-generational families, or homeowners seeking a mortgage helper. The main floor offers 3 bedrooms, a 4-piece bathroom, and a full kitchen, currently vacant but can be rented out for $2,100/month. The upper level has a self-contained 1-bedroom unit with a 3-piece bathroom and kitchen, rented for $1,500/month. The fully finished basement features 2 bedrooms, a 4-piece bathroom, and a kitchen, rented for $1,700/month. Thats a total gross annual income of $64,800, with potential for even more. Triple A tenants are in good standing and willing to stay. The buyer may choose to occupy the main unit and rent out the others. Extensive updates have been completed, including new appliances, flooring, and plumbing, furnace and AC (2021), hot water tank (2020), a new deck, upgraded 200-amp electrical panel (2020), 18 replaced windows (2021), newer roof, and a whole home water filtration system. Capitalize on Hamilton's strong rental demand with this ready-to-go income property. Add to your portfolio with minimal effort, or explore owner-occupancy while tenants help cover the mortgage!
Location
Province ON
County Hamilton
Community Rosedale
Area Hamilton
Rooms
Family Room No
Basement Finished, Separate Entrance
Kitchen 3
Separate Den/Office 2
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Garage Spaces 1.0
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 110.0
Total Parking Spaces 1
Building
Foundation Poured Concrete
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Listed by RIGHT AT HOME REALTY