Exceptional cash flow opportunity! This spacious 5+2 bedroom, 4 full bathroom 2 kitchens 2 laundry , generating a strong positive cash flow even at current mortgage rates. Current rent income is $5,450/month with average utilities of $550/month. Located in the highly desirable Westdale South neighborhood, just a short walk to McMaster University, hospitals, and Westdale Village, with convenient bus stops nearby.This renovated, carpet-free home features a main floor large master ensuite, kitchen, and laundry, a second floor with 3 bedrooms and a bathroom, and a third-floor master ensuite. The remodeled basement (2020) boasts a separate entrance, two extra bedrooms with large windows , 2nd kitchenette, 2nd laundry, and a full bathroom.Key upgrades include: Furnace (2015), Heat Pump AC (2023), Roof (2020), Windows (main floor 2023, second floor 2021), Electrical panel with 200 AMP service and full wiring upgrade (2021). basement remodelled (2020) , Main floor kitchen floor and stairs (2023).OWNED Hot Water Heater. Don't miss out on this income-generating gem in a prime location!
MLS# | H4206545 |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | Active |
Year | 1925 |
Days On Site | 128 |
Listing Provided By | Real One Realty Inc. | Cherry Yang |
Bed(s) | 7 |
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Bath(s) | 4 Total |
SQ Feet | 1,197 |
Basement | Y |
Story(s) | 2 |
Acreage | 0.07 |
Water Front | Yes |
State | ON |
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County | Hamilton |
City | Hamilton |
Zip Code | L8S 1V2 |
Area | Westdale South | Cootes Paradise |
Community Name | Westdale South/Cootes Paradise |
Listing VS Median (in Westdale South/Cootes Paradise) | |
Price: $929,000 low | high Med: $929,000 SqFt: 1,197 low | high Med: 1,197 $ / SqFt: $776 low | high Med: $776 On Site: 128 low | high Med: 128.000000 |