Property Description
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.
Features
: Sep entrance
: Central Air
: Detached
2
: Municipal
: Alum Siding
4
: School
: Hospital
: Park
2
None
Additional Information
HARVEY KALLES REAL ESTATE LTD.
Cumberland Avenue
100
50
: Forced Air
: Sewers
S
A
$3,922
2023
100+
: Gas
: 2-storey
1
Y
: Unfinished
Address Map
260
Prospect
St
0
W80° 9' 52.7''
N43° 14' 33.4''

260 Prospect St

Hamilton, Ontario L8M 2Z9

3 Bedrooms
2 Bathrooms
$697,000
Listing ID #X8152754
Basic Details
Property Type : Duplex
Listing Type : Sale
Listing ID : X8152754
Price : $697,000
Bedrooms : 3
Rooms : 9
Bathrooms : 2
Year Built : 0
Country : CA
Province : Ontario
Area : Hamilton
Municipality : Hamilton
Postal Code : L8M 2Z9
Community : Blakeley
Approx Sqft. : 1100-1500
Additional Room : 1
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