480 King William ST Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8L 1R3
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X11892618
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $4,371
Tax Year 2024
Property Description
Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for.
Location
Province ON
County Hamilton
Zoning R1A
Rooms
Basement Apartment,Finished with Walk-Out
Kitchen 4
Interior
Interior Features Carpet Free,Separate Hydro Meter,Water Heater
Cooling Central Air
Inclusions Existing: 4 stoves, 4 fridges, 4 range hood fans, 4 dishwashers, & 2 stacked washer dryers.
Exterior
Exterior Feature Porch,Deck
Parking Features None
Garage Spaces 6.0
Pool None
Roof Type Asphalt Shingle
Building
Foundation Stone