342 King William Street Hamilton, Ontario L8L 1P3

$799,000

Excellent Investment Opportunity in Hamilton! Offered for sale by a long-term owner retiring, this renovated and upgraded property featuring legal duplex with an existing three-unit layout. This versatile property offers very good cash flow potential and opportunities to further maximize rental income. Very Bright and inviting throughout, the home features plenty of windows that fill the living spaces with lots of natural light.The upper unit features 4 bedrooms, 2 bathrooms, ensuite laundry, 1 Family Room (Can be used as a bedroom), and a roughed-in kitchen area currently configured as a bedroom, offering potential for a fourth unit. The main unit features 2 bedrooms, 1 family room (which can be used as a 3rd bedroom), and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom. All three existing units have separate kitchens, providing independent living spaces and flexible rental possibilities. Recent Updates: Roof (2025), furnace (2024), and hot water tank (2023). With no existing rental contracts, very low expenses, and vacant possession, the new owner has the flexibility to further customize the home or establish their own tenancy arrangements at current market rents.Additional highlights include 3 separate hydro meters and approximately $75,000 in potential gross annual rental income with all three units, making this an attractive opportunity for investors seeking strong cash flow and long-term investment potential.Conveniently located in downtown Hamilton, the property is close to public transit, shopping, restaurants, and everyday amenities.A great opportunity to acquire a bright, versatile, multi-unit investment property with excellent income potential! (id:55460)

Property Details

MLS® Number	X14089868
Property Type	Multi-family
Community Name	Landsdale
Parking Space Total	1

Building

Bathroom Total	4
Bedrooms Above Ground	6
Bedrooms Below Ground	1
Bedrooms Total	7
Appliances	Dryer, Stove, Washer, Refrigerator
Basement Development	Finished
Basement Features	Separate Entrance
Basement Type	N/a, N/a (finished)
Cooling Type	None
Exterior Finish	Brick
Fireplace Present	Yes
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,000 - 2,500 Sqft
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	50 Ft ,7 In
Size Frontage	30 Ft
Size Irregular	30 X 50.6 Ft
Size Total Text	30 X 50.6 Ft

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Family Room	3.74 m	3.38 m	3.74 m x 3.38 m
Second Level	Bedroom	3.26 m	2.97 m	3.26 m x 2.97 m
Second Level	Bedroom 2	3.44 m	3.37 m	3.44 m x 3.37 m
Second Level	Kitchen	3.26 m	5.39 m	3.26 m x 5.39 m
Third Level	Bedroom	4.46 m	3.06 m	4.46 m x 3.06 m
Third Level	Bedroom 2	3.61 m	3.73 m	3.61 m x 3.73 m
Basement	Bedroom	2.85 m	3.41 m	2.85 m x 3.41 m
Basement	Dining Room	2.99 m	6.47 m	2.99 m x 6.47 m
Ground Level	Dining Room	3.25 m	4.53 m	3.25 m x 4.53 m
Ground Level	Family Room	3.69 m	3.41 m	3.69 m x 3.41 m
Ground Level	Bedroom	3.42 m	2.52 m	3.42 m x 2.52 m
Ground Level	Bedroom 2	2.51 m	3.4 m	2.51 m x 3.4 m
Ground Level	Kitchen	2.49 m	2.79 m	2.49 m x 2.79 m

https://www.realtor.ca/real-estate/30414613/342-king-william-street-hamilton-landsdale-landsdale