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467 LIMERIDGE ROAD W, Hamilton (Gilbert) — listed at $674,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
A fantastic opportunity for investors or end-users seeking a property with exceptional income potential. This spacious 4+1+1 bedroom semi-detached bungalow is located in the highly desirable Gilbert neighbourhood.The main floor offers four generously sized bedrooms, two full washrooms, a bright and functional kitchen, and the convenience of a private laundry area.The lower level features a self-contained 1-bedroom basement apartment with a separate entrance and its own laundry, making it an excellent option for rental income or extended family living. Adding even more value, the property also includes a separate studio apartment complete with its own washroom and kitchenette, creating an additional income-generating opportunity. Whether you're looking to live in the home while offsetting your mortgage or expand your investment portfolio, this versatile property offers outstanding flexibility and strong income potential. (id:60164)
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is 467 LIMERIDGE ROAD W a good fit for a growing family?+
With 5 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,281.82, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Hamilton (Gilbert) before counting on it.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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