Excellent investment opportunity in a prime central Hamilton location. Situated on a prominent corner lot at Locke St N and Peter St, this 3-storey multi-residential property features 8 self-contained residential units consisting of 4 two-bedroom and 4 one-bedroom units, each with separate hydro meters. Offering approximately 4,220 sq ft of living space, 5 parking spaces, coin-operated laundry, boiler heating system and additional basement space. Fully tenanted with established rental income and significant future upside as tenancies turn over. Conveniently located minutes from Victoria Park, Bayfront Park, West Harbour GO, public transit, downtown Hamilton and the shops and restaurants of Locke Street. An opportunity for investors to acquire an established income-producing property in one of Hamilton's most convenient and desirable central locations. Property being sold under Power of Sale on an as is, where is basis. (id:4069)
Address
74 LOCKE Street N
List Price
$1,099,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
3
Floor Area
4,220 Sq. Ft.
Lot Depth
82 ft
Frontage Length
54 ft
MLS® Number
40864875
Listing Brokerage
RE/MAX Escarpment Realty Inc.
Basement Area
Partial (Unfinished)
Postal Code
L8R3A5
Zoning
D
Ownership
Freehold
Parking Places (Total)
5
Site Influences
Park
Features
Crushed stone driveway, Laundry- Coin operated
Heat Source
Natural gas
Heat Type
Radiant heat
Number Of Floors In Building
3
Water Source
Municipal water
Sewer
Municipal sewage system
