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Back to search Home Countries Canada Hamilton 47 Nightingale Street
$600,000

47 Nightingale Street

Hamilton, Canada
6 beds 2 baths Tenant

About this home

47 Nightingale Street, Hamilton is an investment property within a portfolio. A four-door property combining a room-based upper unit with a self-contained basement suite, offered at a 5.83% in-place cap rate on current rents. This fully-tenanted property generates $46,200 in gross annual rent and $34,950 NOI/Profit. The basement is operated as a 3-room unit with its own living room, kitchen, and bathroom, sitting below a 3-door upper unit. Three of the four doors are already month-to-month, giving a new owner a clear, near-term path to reset rents to market on standard notice without waiting years for turnover. The room-based configuration plus a separate basement unit allows income to be grown door-by-door rather than all at once. 2-car parking at the rear adds a rentable amenity in a parking-constrained lower-city location, with further upside available by renting the spots separately.

Property facts

Property type
Tenant
Bedrooms
6
Bathrooms
2
Days on market
10 days

Location

Map unavailable
Approximate location · exact address shared on inquiry

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