317 Queen Street S Hamilton, Ontario L8P 3T6

$875,000

Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets. Full financials available upon request. (id:55460)

Property Details

MLS® Number	X13580102
Property Type	Multi-family
Community Name	Durand
Equipment Type	Water Heater
Parking Space Total	1
Rental Equipment Type	Water Heater

Building

Bathroom Total	3
Bedrooms Above Ground	5
Bedrooms Below Ground	1
Bedrooms Total	6
Amenities	Fireplace(s), Separate Electricity Meters
Appliances	Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development	Finished
Basement Features	Apartment In Basement, Separate Entrance
Basement Type	N/a, N/a, N/a (finished)
Cooling Type	Central Air Conditioning, Wall Unit
Exterior Finish	Brick
Fireplace Present	Yes
Fireplace Total	1
Foundation Type	Unknown
Heating Fuel	Electric, Natural Gas
Heating Type	Forced Air, Heat Pump
Stories Total	3
Size Interior	2,000 - 2,500 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	130 Ft
Size Frontage	25 Ft
Size Irregular	25 X 130 Ft
Size Total Text	25 X 130 Ft

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Living Room	5.59 m	3.35 m	5.59 m x 3.35 m
Second Level	Dining Room	3.1 m	3.1 m	3.1 m x 3.1 m
Second Level	Kitchen	3.1 m	4.1 m	3.1 m x 4.1 m
Second Level	Bedroom	3.65 m	3.78 m	3.65 m x 3.78 m
Third Level	Primary Bedroom	3.85 m	5.13 m	3.85 m x 5.13 m
Third Level	Bedroom	3.56 m	5.99 m	3.56 m x 5.99 m
Basement	Living Room	5.05 m	3.8 m	5.05 m x 3.8 m
Basement	Kitchen	2.29 m	3.4 m	2.29 m x 3.4 m
Basement	Primary Bedroom	5.05 m	2.97 m	5.05 m x 2.97 m
Main Level	Living Room	4.1 m	3.95 m	4.1 m x 3.95 m
Main Level	Primary Bedroom	3.65 m	4.55 m	3.65 m x 4.55 m
Main Level	Bedroom	2.74 m	4.25 m	2.74 m x 4.25 m
Main Level	Kitchen	2.74 m	4.25 m	2.74 m x 4.25 m

Utilities

Cable	Available
Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/30051750/317-queen-street-s-hamilton-durand-durand