$697,000

FOR SALE

Duplex 2-Storey

Bedrooms: 3+1Bathrooms: 2Lot: 50 x 100 ft
2023 Taxes: $3,922

260 Prospect St S
Hamilton, ON L8M 2Z9 | Blakeley

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Legal duplex!!! Calling all investors looking for opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighborhood. This property is fully leased, collecting approximate $41,000 annually with an NOI of $31,700 offering a compelling ROI, boasting a cap rate around 4.2%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can live in one unit while collecting rent thereby reducing their monthly expenses between $1,500 to $2,000/m. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.

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Listed By	HARVEY KALLES REAL ESTATE LTD.
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	X8152754
Last Updated	Mar 20, 2024

Property Summary

Property Type	Duplex More like this: Hamilton Duplex for Sale
Legal Description	Pt Lts 55 & 56, Pl 252 Lewis Springer Survey, As In NS93861; Hamilton Amended 2000/11/30 LR3
Possession Date	TBA
Taxes (2023)	$3,922
Directions/Cross Streets	Cumberland Avenue
Neighbourhood	Blakeley
Area	Hamilton

Price History

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Detailed Information

Fronting On	W
Property Features	Hospital, Park, School
Waterfront	None
Special Designations	Unknown
Bedrooms	3+1
Bathrooms	2
Rooms	9
Kitchens	1+1
Lot	50 x 100 ft
Acreage	<.50
Approximate Square Footage	1100-1500
Approximate Age	100+
Exterior	Alum Siding
Elevator	N
Air Conditioning	Central Air
Central Vac	N
Family Room	Y
Fireplace/Stove	N
Pool	None
Laundry Level	Main
Basement	Sep Entrance, Unfinished
Drive	Available
Garage Spaces	2.0
Garage Type	Detached
Parking Spaces	2
Total Parking Spaces	4.0
Heat Source	Gas
Heat Type	Forced Air
Sewers	Sewers
Utilities-Hydro	Y
Utilities-Gas	Y
Utilities-Cable	A
Utilities-Telephone	A
Water	Municipal
UFFI	No
Zoning	Duplex
Seller Property Info Statement	N

Rooms

Room	Level	Dimensions	Notes
Living	Main	3.3 m x 3.56 m (10.83 ft x 11.68 ft)
Br	Main	2.9 m x 3.1 m (9.51 ft x 10.17 ft)
2nd Br	Main	2.59 m x 3.5 m (8.5 ft x 11.48 ft)
Kitchen	Main	3.35 m x 3.66 m (10.99 ft x 12.01 ft)
Dining	Main	3.05 m x 3.81 m (10.01 ft x 12.5 ft)
Living	Upper	3.86 m x 5.08 m (12.66 ft x 16.67 ft)
Br	Upper	3.35 m x 3.51 m (10.99 ft x 11.52 ft)
Br	Upper	3.35 m x 2.9 m (10.99 ft x 9.51 ft)

Bathrooms

Pieces	Level
4	Main
4	Upper

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