172 Markland St
Markland St, Downtown Hamilton, Hamilton, ON, L8P 2K5
Quick Summary
Quick Summary
- Robust investment opportunity with versatility
- Recently updated with new windows, boiler
- Includes a fully insulated accessory dwelling unit
- Potential for heritage designation to preserve character
- Option to be restored to a side-by-side executive duplex
- Currently generating a gross income of $126,780
- Significantly appreciated in value to $1.9M
- Qualifies for an MLI Select mortgage
Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a... Show More
Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12’x15’ accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly—purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request. (id:54626)
Property Details
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Parking
Lot
Build
Utilities
Ownership Details
Ownership
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For Sale Nearby
Sold Nearby
- 2,000 - 2,500 Sq. Ft.
- 4
- 3
- 1,100 - 1,500 Sq. Ft.
- 3
- 2
- 1,500 - 2,000 Sq. Ft.
- 4
- 3
- 1,500 - 2,000 Sq. Ft.
- 3
- 2
- 2,500 - 3,000 Sq. Ft.
- 3
- 2
- 3
- 3
- 2,000 - 2,500 Sq. Ft.
- 3
- 3
- 2,000 - 2,500 Sq. Ft.
- 5
- 3
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