172 Markland ST Pending Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8P 2K5
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID X9769043
Style 2-Storey
Bedrooms 8
Annual Tax Amount $10,034
Tax Year 2023
Property Description
Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12x15 accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request.
Location
Province ON
County Hamilton
Community Durand
Area Hamilton
Region Durand
City Region Durand
Rooms
Family Room No
Basement Partial Basement,Partially Finished
Kitchen 6
Interior
Interior Features Other
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Parking Features Mutual
Garage Spaces 2.0
Pool None
Roof Type Other
Lot Depth 74.0
Total Parking Spaces 2
Building
Foundation Stone