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171 Stone Church Rd E

Stone Church Rd E, Jerome, Hamilton, ON, L9A 5K2

16
Beds
4
Baths
3,200
Sq. Ft.
$1,299,900
List Price
Details
Photos
28
Comparables
History
171 Stone Church Rd E, Hamilton, ON - 1 of 3
171 Stone Church Rd E, Hamilton, ON - 2 of 3
171 Stone Church Rd E, Hamilton, ON - 3 of 3
New
6 days on market

INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 NET ANNUALLY. This Renovated 16 - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances and quickly convertible to triplex, duplex or single... Show More

INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 NET ANNUALLY. This Renovated 16 - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances and quickly convertible to triplex, duplex or single family home. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is deep so there is plenty room to enjoy outdoor space, or perhaps add a secondary suite in the rear. The double car, automatic garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17 & 18th room. The possibilities are endless with this one & will not last. Priced to be sold quick; Buyers -take advantage of our time-crunch needing this to be sold. (id:54626)

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Property Details

Size

3,200 sq. ft.
24 total rooms across 2 floors
16 Beds
11 Above Grade - 5 Below Grade
4 Baths
3 Full - 1 Partial

Parking

9 Parking Spaces
Attached Garage

Lot

Size
720′0″ * 1487′12″
Acres
-

Build

Year Built
1948
Model Name
-
Basement
Finished
Exterior
Brick
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Radiant heat, Stove
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Rooms

3pc Bathroom

8′0″ x 10′0″

Bedroom

12′0″ x 12′0″

Bedroom

12′0″ x 12′0″

Bedroom

35′0″ x 15′0″

Bedroom

11′0″ x 10′0″

Bedroom

12′0″ x 12′0″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40698571
Last Updated
February 21, 2025
Brokerage
Revel Realty Inc.
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Call us 800-591-0566

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