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5 MAPLEWOOD AVENUE, Hamilton (Blakeley) — listed at $899,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
An exceptional income-producing property in the heart of Hamilton. This well-maintained triplex features three legal, self-contained units, along with an existing fourth non-conforming unit. Each unit has been beautifully renovated and includes a private entrance and ensuite laundry. The property offers ample parking, a practical layout and excellent flexibility for investors, multi-generational families or buyers seeking additional rental income. The current unit configuration includes one one-bedroom unit, one two-bedroom unit, one bachelor unit and an additional one-bedroom unit. Ideally situated near public transit, schools, parks, trails, restaurants, shopping and everyday amenities, with convenient highway access and downtown Hamilton just minutes away. Located in a high-demand rental area with strong cash-flow potential and a reported cap rate of approximately 8%. (id:60164)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,500, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, Separate entrance, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, N/A, 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 (Blakeley) before counting on it.
Is 5 MAPLEWOOD AVENUE a good fit for a growing family?+
With 4 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
How many fireplaces are there, and what type?+
This home has 2 fireplaces. Confirm the fuel type (wood, gas, or electric) and have it inspected — especially wood-burning, which needs a WETT certification for insurance.
What's the parking situation?+
This property includes 3 spaces — No Garage.
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