For Sale - 47 Nightingale Street, Hamilton, Ontario

Est payment $2,689/mo
Views   4
Time on Jump  93 day
  • Investment property available as part of a larger multifamily portfolio.
  • Four-door property with upper and basement units for diverse rental income.
  • Currently generating $46,200 in annual rent with good profit margins.
  • Flexible month-to-month leases allow for easy rent adjustments.
  • Two-car parking offers additional income potential in a busy area.



47 nightingale street, hamilton is an investment property within a portfolio. A four-door property combining a room-based upper unit with a self-contained basement suite, offered at a 5. 83% in-place cap rate on current rents. This fully-tenanted property generates $46,200 in gross annual rent and $34,950 noi/profit. The basement is operated as a 3-room unit with its own living room, kitchen, and bathroom, sitting below a 3-door upper unit. Three of the four doors are already month-to-month, giving a new owner a clear, near-term path to reset rents to market on standard notice without waiting years for turnover. The room-based configuration plus a separate basement unit allows income to be grown door-by-door rather than all at once. 2-car parking at the rear adds a rentable amenity in a parking-constrained lower-city location, with further upside available by renting the spots separately.
Listing IDX13544482
Address47 Nightingale Street
CityHamilton, Ontario
Price$560,000
Bed / Bath6 / 2 Full
Style2 1/2 Storey, Detached
ConstructionBrick
TypeResidential
StatusFor Sale
Subtype DetachedIndoor Features OtherOwnership FreeholdBasement Partial BasementFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 2.00
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47 Nightingale Street
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