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For Sale - 102 Rosslyn Avenue, Hamilton, Ontario

102 Rosslyn Avenue

Hamilton , Ontario

4 3 $649,000

Est payment $3,116/mo

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Time on Jump 88 day

AI Summary *

Investment property in a 15-property multifamily portfolio available individually or as a package.
Five-door rooming house with a self-contained basement unit and strong cap rate.
Generates substantial annual rent with potential to increase income with vacant unit.
Recent upgrades like a new water heater and furnace reduce immediate costs.
Two-car parking adds additional rental income potential for the property.

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Purchase Price

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Down Payment:
$ 32,450 ( 5% )

First Time Buyer:
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New Build:
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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.

Listing IDX13541340

Address102 Rosslyn Avenue

CityHamilton, Ontario

Price$649,000

Bed / Bath4 / 3 Full

Style2 1/2 Storey, Detached

ConstructionBrick

TypeResidential

StatusFor Sale

Extras

Subtype DetachedIndoor Features NoneOwnership FreeholdBasement FinishedFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

Market Info

Parking 2.00

Listing Brokerage: EXP REALTY

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Listing Brokerage: EXP REALTY

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For Sale - 102 Rosslyn Avenue, Hamilton, Ontario

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