$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

Legal duplex opportunity! Ideal for first-time homebuyers looking to minimize their monthly payments or investors focused on long-term ROI potential. Located in the highly sought-after Blakely neighborhood, this property is a valuable find. Currently fully leased, it generates approximately $41,000 in annual revenue with a net operating income (NOI) of $31,700, reflecting a cap rate of about 4.5%. Featuring a vast double lot and a third separate entrance, there's substantial scope for further development and additional income for a savvy investor. First-time buyers can significantly reduce their living expenses by occupying one unit and renting out the other, potentially saving between $1,500 to $2,000 monthly. Even the garage contributes to the revenue, being rented out separately. This property is not only a lucrative investment but also a smart way to reduce housing costs. Prospective buyers should verify all financials and conduct their due diligence, as the figures presented are based on the listing date and may have changed. All tenants are willing to stay.
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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 May 06, 2024
Property Summary
Property Type Duplex

More like this:
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

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

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
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
LivingMain3.3 m x 3.56 m (10.83 ft x 11.68 ft)
BrMain2.9 m x 3.1 m (9.51 ft x 10.17 ft)
2nd BrMain2.59 m x 3.5 m (8.5 ft x 11.48 ft)
KitchenMain3.35 m x 3.66 m (10.99 ft x 12.01 ft)
DiningMain3.05 m x 3.81 m (10.01 ft x 12.5 ft)
LivingUpper3.86 m x 5.08 m (12.66 ft x 16.67 ft)
BrUpper3.35 m x 3.51 m (10.99 ft x 11.52 ft)
BrUpper3.35 m x 2.9 m (10.99 ft x 9.51 ft)
Bathrooms
Pieces Level
4Main
4Upper

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

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