view of front of house with brick siding Features: window mounted ac, gas meter

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view of front of property featuring brick siding and cooling unit Features: porch, gas meter, window mounted ac

view of side of home featuring brick siding Features: electric meter

kitchen with electric range, white cabinetry, tasteful backsplash, and tile counters Features: white cabinets, raised cabinets, tile countertops, backsplash, range oven, sink

empty room with wood ceiling and wood finished floors Features: hardwood floor, natural light, wood ceiling

bathroom with tile walls, vanity, tub / shower combination, light tile patterned floors, and tasteful backsplash Features: toilet, tile wall, vanity, sink, mirror, combined bath shower, tile floor, backsplash

kitchen with butcher block countertops, under cabinet range hood, dark wood-style floors, and white cabinets Features: butcher block countertops, white cabinets, hardwood floor, range hood

bathroom with shower / tub combination Features: combined bath shower

washroom featuring stacked washing machine and dryer and light tile patterned floors Features: tile floor, natural light, stacked washer dryer, laundry

unfurnished room featuring a wainscoted wall and wood walls Features: wood wall

kitchen with wooden ceiling and a sink Features: natural light, sink, countertops, wood ceiling

kitchen featuring wood ceiling, dark cabinets, under cabinet range hood, and light countertops Features: wood ceiling, backsplash, countertops, black cabinets, vent, tile floor, range hood

empty room with baseboards and light wood-style floors Features: low ceiling, hardwood floor, textured ceiling

unfinished basement featuring electric panel Features: electric panel

utility room featuring electric panel Features: electric panel

utilities featuring electric panel Features: electric panel

unfinished basement featuring heating unit Features: furnace

utilities with electric panel Features: electric panel

utilities featuring water heater and heating unit Features: furnace, water heater

unfinished below grade area featuring a water pressure tank Features: water pressure tank

fenced backyard featuring a patio area Features: patio, fence

view of concrete road featuring a residential view Features: residential view

view of parking / parking lot Features: fence

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For Sale - 220 Emerald Street, Hamilton, Ontario

220 Emerald Street

Hamilton , Ontario

2 3 $429,900

Est payment $2,131/mo

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Time on Jump 19 day

AI Summary *

Strong investment potential with 8% cap rate and immediate income.
Fully renovated rear one-bedroom unit already tenanted for stability.
Front studio and second-floor one-bedroom ready for updates and new tenants.
Possible consolidation of main floor for owner occupancy and rental above.
Two parking spaces and access to downtown enhance tenant appeal.

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Purchase Price

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Down Payment:
$ 21,495 ( 5% )

First Time Buyer:
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New Build:
Yes No

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.

Listing IDX12697068

Address220 Emerald Street

CityHamilton, Ontario

Price$429,900

Bed / Bath2 / 3 Full

Style2-Storey, Triplex

ConstructionAluminum Siding, Brick Veneer

TypeMulti-Family

StatusFor Sale

Extras

Subtype TriplexIndoor Features Accessory Apartment, Water Heater OwnedOwnership FreeholdBasement Full, UnfinishedFoundation StoneHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer

Market Info

Parking 2.00

Listing Agency:
ROYAL LEPAGE NRC REALTY

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Listing Agency:
ROYAL LEPAGE NRC REALTY

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For Sale - 220 Emerald Street, Hamilton, Ontario

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