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13 Westinghouse Ave

Westinghouse Ave, Gibson, Hamilton, ON, L8L 6E4

9
Beds
6
Baths
1,999 - 2,499
Sq. Ft.
$985,000
List Price
Details
Photos
31
Comparables
History
13 Westinghouse Ave, Hamilton, ON - 1 of 3
13 Westinghouse Ave, Hamilton, ON - 2 of 3
13 Westinghouse Ave, Hamilton, ON - 3 of 3
31 days on market

Quick Summary

  • Rare opportunity to acquire a legal 6-plex
  • 3 renovated units with 3 units offering potential
  • Current annual rental income of $75,718
  • Potential gross rent of $107,683, 40% upside
  • Building consists of 1-bedroom and 2-bedroom units
  • 4 parking spaces and coin-operated laundry
  • Updated breaker panels and new hot water tank
  • Located near Hamilton General Hospital and developments

Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building... Show More

Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Financials available upon request. (id:54626)

Property Details

Size

1,999 - 2,499 sq. ft.
across 3 floors
9 Beds
9 Above Grade
6 Baths
6 Full

Parking

4 Parking Spaces
-

Lot

Size
307′0″ * 1226′0″
Acres
-

Build

Year Built
-
Model Name
-
Basement
-
Exterior
Brick
Foundation
-
Builder Name
-
Stories
3
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Wall unit

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X10440794
Last Updated
December 18, 2024
Brokerage
Keller Williams Signature Realty, Brokerage
Powered by: REALTOR.ca
Call us 800-591-0566

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