74 Cathcart Street

Hamilton, ON L8R1M5

About this property

Welcome to a fantastic investment opportunity in Hamilton. This detached home offers three self-contained units, providing a versatile option for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Extensively updated from top to bottom in 2018, each bright and well maintained unit features its own in-suite laundry and a fully equipped kitchen with fridge, stove, and dishwasher. All three units are currently tenanted, offering immediate rental income. The main-floor unit is rented for $1,599/month, while the upper unit, spanning two levels, is rented for $1,747/month and lower-level unit is rented for $1,299/month. Parking is conveniently located at the rear of the property with laneway access (and street parking available). Ideally situated close to shopping, major highways, Lake Ontario, parks, and everyday amenities, this property combines a convenient location with excellent income potential. A turnkey opportunity for investors looking to add a modernized multiunit property to their portfolio. Separately metered for hydro/gas. (id:13843)

About this property

Welcome to a fantastic investment opportunity in Hamilton. This detached home offers three self-contained units, providing a versatile option for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Extensively updated from top to bottom in 2018, each bright and well maintained unit features its own in-suite laundry and a fully equipped kitchen with fridge, stove, and dishwasher. All three units are currently tenanted, offering immediate rental income. The main-floor unit is rented for $1,599/month, while the upper unit, spanning two levels, is rented for $1,747/month and lower-level unit is rented for $1,299/month. Parking is conveniently located at the rear of the property with laneway access (and street parking available). Ideally situated close to shopping, major highways, Lake Ontario, parks, and everyday amenities, this property combines a convenient location with excellent income potential. A turnkey opportunity for investors looking to add a modernized multiunit property to their portfolio. Separately metered for hydro/gas. (id:13843)

Features and Additional Information

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$749,000 Active
4 Bed(s)
4
Baths
2,605 sqft

Presented By Trevor Docherty, Broker/Owner

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Get in touch today! Phone: 1-705-787-5060
Brokerage
RE/MAX Escarpment Realty Inc.
1-905-631-8118
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Area Information

| County | 140 Beasley

$ 749,000
This listing is play_arrow 12383.3% higher than the average in the area
$ 6,000 in the area
2,605 SqFt
This listing is play_arrow 6.9% larger than the average in the area
2,437 SqFt in the area
$ 288 $/SqFt
This listing is play_arrow 11578.3% more than the average in the area
$ 2 $/SqFt in the area
36 days on site
This listing is play_arrow 5.9% above the average in the area
34 days on site in the area

Schools in the Area

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Listed By Kimberly Hall
Brokerage: RE/MAX Escarpment Realty Inc.

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