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235 Hamilton Rd

Hamilton Rd, Ealing, London, ON, N5Z 1P9

11
Beds
5
Baths
3,668
Sq. Ft.
$999,800
List Price
Details
Photos
36
Comparables
History
235 Hamilton Rd, London, ON - 1 of 3
235 Hamilton Rd, London, ON - 2 of 3
235 Hamilton Rd, London, ON - 3 of 3
New
22 days on market

Quick Summary

  • Legal five-unit property with four 2-bedroom and one 3-bedroom
  • Meticulously updated units with private laundry and entrances
  • Excellent rental area with projected annual income of $95,340
  • Three of five units currently tenanted with attractive rents
  • Property management processing leads to fill remaining two units
  • Estimated annual expenses of $20,903 including gas, water, insurance
  • Cap rate of 7.5% making it an amazing investment opportunity
  • Buyer responsible for verifying all income and expenses

Legal Five-Unit Property Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per... Show More

Legal Five-Unit Property Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Advertised At $1,395 + Hydro, Unit #4 Advertised At $1,700 + Hydro, Unit #5 Rented At $1,900 + Hydro. Cap Rate Of 7.5%. An Amazing Investment Opportunity With Three Of Five Units Currently Tenanted. Property Management Is Processing Leads To Fill The Remaining Two Units. Expenses For Past 12 Months Approximately: $9,600 For Gas & Water, $3,312 For Property Management, $6,012 For Insurance, And Maintenance Estimated At 2% Of Gross Rent, $1,931. Total Expenses Are Estimated At $20,903 Annually. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses. (id:54626)

Property Details

Size

3,668 sq. ft.
across 2 floors
11 Beds
5 Baths
5 Full

Parking

None

Build

Year Built
1888
Model Name
-
Basement
Unfinished
Exterior
Brick, Vinyl siding
Foundation
Unknown
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40597543
Last Updated
June 25, 2024
Brokerage
Rock Star Real Estate Inc., Brokerage
Powered by: REALTOR.ca
Call us 800-591-0566

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