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63 MELROSE Avenue S, Hamilton — listed at $649,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, updated and Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. Looking for even more upside? The property also offers potential to create a third unit with separate side entrance, providing an exciting opportunity to further increase revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown. A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future! (id:60164)
Is 63 MELROSE Avenue S a good fit for a growing family?+
With 6 bedrooms and 4 bathrooms (2668 sq ft), there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
How is the space laid out across floors?+
This is a 2.5-storey multi-family. The 6 bedrooms and 4 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What's the parking situation?+
This property includes 3 spaces — Detached Garage.
How is the home heated? Is it efficient?+
Heating is forced air. Ask for past utility bills to understand real heating costs.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,765.14, heating is forced air. 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.
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