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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)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $10,120, heating is baseboard heaters, other. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — fully air conditioned cooling is in place.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, other. Ask for past utility bills to understand real heating costs.
What makes this a luxury property?+
At $2,999,000, standout features include 7644 sq ft. In this price range, expect higher-end finishes — verify during a showing.
Who is 81 HAMILTON STREET N best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
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