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641 LIMERIDGE ROAD E, Hamilton (Thorner) — listed at $749,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there's no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.43 x 4.34 meters |
| Utility room | Basement | 4.47 x 6.27 meters |
| Family room | Basement | 3.58 x 7.01 meters |
| Kitchen | Main level | 4.83 x 3.45 meters |
| Primary Bedroom | Main level | 4.32 x 3.05 meters |
| Bedroom | Main level | 3.53 x 3.53 meters |
| Bathroom | Main level | — |
| Bedroom | Second level | 4.34 x 3.05 meters |
| Loft | Second level | 6.58 x 3.05 meters |
| Bedroom | Second level | 4.34 x 2.74 meters |
| Recreational, Games room | Basement | 7.37 x 5.23 meters |
| Bathroom | Basement | — |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,790.84, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Could this work as an investment property?+
The basement description mentions: Finished, Full, 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 (Thorner) before counting on it.
Does it have a basement, and is it finished?+
Yes — Finished, Full, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What's the parking situation?+
This property includes 4 spaces — Attached Garage, Garage.
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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