260 Prospect Street S, Hamilton
- Bedrooms: 4
- Bathrooms: 2
- Type: Duplex
Source: Public Records
Property Details
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. (id:1945)
Property Information
- Sewer: Sanitary sewer
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas
- List AOR: Toronto
- Stories: 2
- Basement: Unfinished, Separate entrance, N/A
- Utilities: Sewer, Cable
- Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Two stoves
- Photos Count: 10
- Water Source: Municipal water
- Parking Total: 4
- Bedrooms Total: 4
- Structure Type: Duplex
- Parking Features: Detached Garage
- Street Dir Suffix: South
- Tax Annual Amount: 3922
- Exterior Features: Aluminum siding
- Lot Size Dimensions: 50 x 100 FT
Room Dimensions
Nearby Places
Name | Type | Address | Distance |
Adelaide Hoodless Public School | School Principal - Kelly Charles Vice Principal - ... | 0.4 km | |
Juravinski Hospital | The hospital was recently ranked 2nd in Canada for... | 0.8 km | |
Juravinski Cancer Centre | Hospital | 699 Concession St | 0.9 km |
St. Peter's Hospital (Hamilton) | The hospital became a part of Hamilton Health Scie... | 0.9 km | |
Juravinski Cancer Centre | The hospital was recently ranked 2nd in Canada for... | 0.9 km | |
Brian Timmis Stadium | [1] The stadium most recently hosted association f... | 1.1 km | |
Parkview Secondary School | School | 60 Balsam Ave N | 1.2 km |
Parkview Secondary School | The school's mission statement was "Educating stud... | 1.2 km | |
Ivor Wynne Stadium | The club's previous home was the Hamilton Amateur ... | 1.2 km | |
Tim Hortons Field | During the Pan American Games, it was referred to ... | 1.2 km | |
Tim Hortons Field | Stadium | 75 Balsam Ave N | 1.2 km |
Cathedral High School | School | 30 Wentworth St N | 1.6 km |
Similar Duplexs Stat in Hamilton
260 Prospect Street S mortgage payment
Demographic Information
Neighbourhood Education
Master's degree | 10 |
Bachelor's degree | 50 |
University / Above bachelor level | 10 |
University / Below bachelor level | 10 |
Certificate of Qualification | 20 |
College | 80 |
University degree at bachelor level or above | 65 |
Neighbourhood Marital Status Stat
Married | 135 |
Widowed | 10 |
Divorced | 40 |
Separated | 15 |
Never married | 155 |
Living common law | 55 |
Married or living common law | 190 |
Not married and not living common law | 220 |
Neighbourhood Construction Date
1961 to 1980 | 20 |
1991 to 2000 | 10 |
1960 or before | 190 |