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

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    For Sale - 220 Emerald Street, Hamilton, Ontario

    Est payment $1,920/mo
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    Views   3
    Time on Jump  124 day

    AI Summary *

    • Bold semi-detached property with great investment potential and nearly 8% cap rate.
    • Three self-contained units currently generating rental income.
    • Fully renovated rear unit and occupied second-floor unit ready for tenants.
    • Versatile spaces allowing for owner-occupancy and potential rental of upper unit.
    • Convenient parking, proximity to downtown, and access to public transit.




    You really can't miss this value added 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 nearly 8% potential cap rate make this solid semi-detached currently set up as 3 self-contained units an ideal income generating property. The fully renovated rear one-bedroom unit and second-floor one-bedroom are fully occupied, and the front studio is tenant-ready or available to update to suit your needs, offering a turn-key opportunity to get into the in-demand hamilton rental market. 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), tiled tub surround & bedroom flooring in upper unit just replaced march 2026. 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$399,900
    Bed / Bath2 / 3 Full
    Style2-Storey, Triplex
    ConstructionAluminum Siding, Brick Veneer
    TypeMulti-Family
    StatusFor Sale

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

    Parking 2.00
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    Listing Agency:  ROYAL LEPAGE NRC REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    220 Emerald Street
    Hamilton , Ontario
    2 3 $399,900
    Get more info