125 SANFORD AVENUE N|Hamilton (Gibson), Ontario L8L5Z4

MLS Number: X12517690

Property Details: • Type: Multi-family • Ownership Type: N/A • Bedrooms: 7 • Bathrooms: 3 • Building Type: Duplex • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: No Garage • Parking Spaces: N/A

Description: Investment opportunity with CAP rate of 6.5%! This cash-positive certified legal duplex generated $5,939 per month, or $71,268 gross annually in 2024. 2025 income/expense will almost be identical to 2024. This well maintained investment property features 2 hydro meters complete with two 100 amp breaker panels, 3 rear parking spots, a furnace installed in 2022(10 year transferable warranty), tankless rental hot water heater 2023, and a flat roof redone in 2022. The dry basement, offers separate side entrance, includes coin-operated laundry with average 50 per month revenue and ample storage space and optional fourth rental unit addition to boost your income/property value. A major renovation, completed with permits, included updates to copper wiring, copper plumbing, ABS drain system, windows and drywall construction. The loft unit is currently and intentionally kept vacant in case new owner wishes to live in it while renting floors below. Loft unit had been rented for 1450 for documented monthly. This smoke-free and pet-free property is an exceptional investment opportunity with a positive cash flow. Private/Self represented buyers are also welcome. (41593934)

Agent Information: • Agents: ADRIAN DI PIETRO • Contact: 416-508-9929 • Brokerage: NEW ERA REAL ESTATE • Website: HTTP://www.newerarealestate.ca

Time on Realtor: 8 hours ago