78 WEST Avenue S , Hamilton

7 Bed / 5 Bath / $899,900 / MLS® Listing #:40108330

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Great investment property, or move in to one of the units and let the tenants pay your mortgage! Producing more than $43K / year income with potential to easily earn $65- $70K+ / year. This awesome Victorian home is located in sought after Corktown, on a very quiet dead end street, directly across from Central Memorial Recreation Centre and a stone's throw from Carter Park. At the end of the street, there is a walking path which allows you to access Wellington St S, and provides convenient access to shopping, public transit and the amazing Claremont Access enclosed bike lane (mountain access). This property is just a quick bike ride to Mohawk College and a quick walk to so many wonderful amenities! (Check out the video, 3D walk-through, pictures and floor plan in the virtual tour link!) The property has had many updates over the last several years including, windows (2013), new roof (2014), new eavestroughs (2014), new boiler / tankless water heater (2017), electrical panel, and a new fence (2019). Coin operated Washer & Dryer (laundry located in common area on main level (not on floor plan)! There have also been several cosmetic updates over the years and much of the original character of the property has been retained! Vacant possession of Main & Second Floor possible. Currently occupied by long term tenants month to month (financials attached). Turnkey opportunity! E zoning permits multiple uses including lodges, multiple -dwellings, clubs etc. Legal non-conforming duplex + 2 extra units. Committee of Adjustments has permitted conversion to a non-conforming triplex, but permits have not been issued. Buyer to do their own due diligence regarding zoning and their desired use. The seller does not warrant the legal status of the property. (id:10452)

Virtual Tour

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Property Details

Property Type House
Square Feet
Maintenance N/A
Days On Our Website 84
Basement Finished - Full (Finished)
Kitchens 4
Lot Dimensions under 1/2 acre
Pool N/A
Area Hamilton
Air Conditioning Window air conditioner
Heating Natural gas - Hot water radiator heat
Exterior Brick, Stone
Sewers Municipal sewage system
Water Municipal water

Listing Office: RE/MAX Real Estate Centre Inc, Brokerage

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