LEGAL non-conforming triplex situated on a quiet boulevard in the Hamilton downtown core. This massive value add opportunity features 3814 (5000 sq ft including basement) square feet ready for stabilization. Unit mix includes main floor- 2bed, 1bath $2152.50 + hydro, second floor 2bed, 1 bath $1063 + hydro, third floor/loft 1bed, 1bath $1048 + hydro. All on month to month leases. Square footage is spread out effectively creating large units with upside on renovations and reconfiguring the space. Loft unit was renovated in last few years. The opportunity continues with an unspoiled 1242 sq ft basement w/ walk-up & high ceilings optimal for creating storage lockers and possible coin op laundry setup for the building. Zoned the coveted R1A you'll also find ease in a large detached garage (306 sq ft) perfect for a 4th legal unit. Lastly, the parcel includes a semi-detached 1 bay garage on opposite side (ideal for storage-176 sq ft). Endless upside with this massive asset including ample parking & a reconstructed roof (including sheathing) in 2015. Potential stabilized rent of almost $8000 across 4 units. Second floor unit will be VACANT on possession! (id:4069)
Address
93 BARNESDALE Boulevard
List Price
$899,900
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Hamilton
Bedrooms
5
Bathrooms
3
Floor Area
3,814 Sq. Ft.
MLS® Number
40728470
Listing Brokerage
Revel Realty Inc.
Basement Area
Full (Unfinished)
Postal Code
L8M2V5
Zoning
R1A
Site Influences
Public Transit, Schools
