Homes for sale - 480 King William ST, Hamilton, ON L8L 1R3

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Akash Sharma

[email protected] +1(343) 804-0015

$ 1,100,000

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480 King William ST Hamilton, ON L8L 1R3

4 Beds

4 Baths

UPDATED:

12/14/2024 01:02 AM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

MLS Listing ID X11892618

Style 2 1/2 Storey

Bedrooms 4

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

Community Landsdale

Area Hamilton

Region Landsdale

City Region Landsdale

Rooms

Family Room Yes

Basement Apartment, Finished with Walk-Out

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Carpet Free, Separate Hydro Meter, Water Heater

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Porch, Deck

Parking Features Lane, Front Yard Parking

Garage Spaces 6.0

Pool None

Roof Type Asphalt Shingle

Lot Depth 108.5

Total Parking Spaces 6

Building

Unit Features Public Transit,School

Foundation Stone

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

Listed by ROYAL LEPAGE SIGNATURE REALTY

Akash Sharma

Real Estate Agent

+1(343) 804-0015

Akash Sharma

480 King William ST Hamilton, ON L8L 1R3

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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480 King William ST