203 John Street N, Hamilton, ON, L8L 4P4

Property Details: - Type: Duplex - Bedrooms: 4 - Bathrooms: 3 - MLS#: X13094994 Listed By: PRIME REAL ESTATE BROKERAGE

Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal. This duplex home located at 203 John Street N, Hamilton is currently for sale and has been available on Zolo.ca for 1 day. This property is listed at $499,000 with an estimated mortgage of $1,837* per month. It has 4 beds, 3 bathrooms, and is 1500-2000 square feet. The property is 100+ years old. 203 John Street N, Hamilton is in the Beasley neighborhood Hamilton. Central Hamilton, Central and Corktown are nearby neighborhoods.