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235 Hamilton Rd

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

11
Beds
6
Baths
$999,800
List Price
Details
Photos
35
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
19 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 high rents
  • Cap rate of 7.5% makes this an amazing investment opportunity
  • Property management processing leads to fill remaining two units
  • Estimated annual expenses of $20,903 including gas, water, insurance
  • Buyer to verify all income and expenses before purchase

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

Sq. Ft. Not Available
across 2 floors
11 Beds
8 Above Grade - 3 Below Grade
6 Baths
6 Full

Parking

-

Build

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

Heating & Cooling

Heating
Forced air
Cooling
-

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Source

Listing Brokerage

MLS® Listing
X8417200
Last Updated
June 25, 2024
Brokerage
ROCK STAR REAL ESTATE INC.
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