Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12’x15’ accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly—purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request. (id:50947)
| MLS® Number | 40670937 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Schools, Shopping |
| Features | Shared Driveway |
| Parking Space Total | 2 |
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Construction Material | Wood Frame |
| Exterior Finish | Other, Stucco, Wood |
| Fire Protection | Unknown |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Stories Total | 2 |
| Size Interior | 4165 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Hospital, Park, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 74 Ft |
| Size Frontage | 56 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | D |
https://www.realtor.ca/real-estate/27595666/172-markland-street-hamilton
Contact us for more information
Jameson Walter Walsh
Salesperson
(905) 641-1110
(905) 684-1321
www.remax-gc.com
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The Reitzels
Keller Williams Innovation
640 Riverbend Drive
Kitchener, ON N2K 3S2
Phone: 519-570-6299 or
519-570-4447
Email: info@TheReitzels.com
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