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$ 1,350,000
Est. payment /mo
New
253 MOHAWK RD E Hamilton, ON L9A 2H5
9 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Hill Park
MLS Listing ID X12700592
Style 2-Storey
Bedrooms 9
Annual Tax Amount $6,005
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Located in one of the most sought-after neighbourhoods, this well-maintained 6-unit multiplex offers a prime opportunity for investors looking for consistent income in a high-demand area. With a total annual rental income exceeding $113,000, this property boasts a strong return on investment and competitive capitalization Rate of 6%. The solid brick building features two 1-bedroom apartments, three 2-bedroom apartments, and one 3-bedroom apartment-each with functional layouts and durable finishes, ensuring long-term tenant satisfaction. Each unit enjoys spacious living areas, parking, ample natural light, coin-operated laundry, and access to nearby amenities, making this building highly desirable. With its unbeatable location close to public transportation, shopping, dining, and recreational areas, this building stands out as an exceptional investment in a thriving community. The solid brick construction and updates including new roof shingles in 2018 and new security system in 2019, provide stability and low maintenance, while the current rental income offers immediate cash flow. Don't miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Apartment, Full
Kitchen 6
Separate Den/Office 3
Interior
Interior Features Water Heater Owned
Cooling Other
Fireplace No
Heat Source Electric
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 135.0
Total Parking Spaces 6
Building
Building Age 51-99
Unit Features Hospital,Public Transit,School Bus Route
Foundation Brick, Concrete Block
Others
ParcelsYN No
Listed by RE/MAX ESCARPMENT LEADEX REALTY