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81 HAMILTON STREET N, Hamilton (Waterdown) — listed at $2,999,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to this exceptional investment opportunity in the heart of Waterdown. This meticulously maintained 6-plex has been proudly owned and cared for by its original owner, offering investors a truly turnkey asset with strong cash flow and outstanding upside potential.Each of the six spacious 2 bedroom units offers generous living space, well-sized bedrooms, and the convenience of in-suite laundry. The property is currently generating impressive income, with excellent potential to increase rental revenue as units turn over to new tenants. Parking is plentiful, with space for up to 10 vehicles and the potential to secure additional parking through the neighbouring property. Operating expenses are kept to a minimum, as tenants are responsible for landscaping, snow removal, garbage removal, and their own utilities, no gas bills, no hot water tank rentals, all are owned allowing the building to run with minimal owner involvement. This is a rare opportunity to own a well-maintained, income-producing property in one of Waterdown's most desirable locations. Zoned C5 Mixed Use Medium Density this property offers a variety of commerical, retail, and residential future uses. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Ground level | — |
| Kitchen | Second level | — |
| Dining room | Ground level | — |
| Dining room | Second level | — |
| Living room | Ground level | — |
| Primary Bedroom | Ground level | — |
| Bedroom | Ground level | — |
| Kitchen | Second level | — |
| Dining room | Second level | — |
| Living room | Second level | — |
| Primary Bedroom | Second level | — |
| Bedroom | Second level | — |
How is the space laid out across floors?+
This is a 2-storey multi-family. The 12 bedrooms and 12 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Does it have a basement, and is it finished?+
Yes — Finished, Full, Separate entrance, Walk out, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $10,120, heating is heat pump, baseboard heaters, electric. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $2,999,000, standout features include 12 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
How is the home heated? Is it efficient?+
Heating is heat pump, baseboard heaters, electric. Electric heating can mean higher winter bills — ask for past utility statements.
What's the parking situation?+
This property includes 10 spaces — No Garage.
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