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74 CATHCART Street, Hamilton — listed at $749,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to a fantastic investment opportunity in Hamilton. This detached home offers three self-contained units, providing a versatile option for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Extensively updated from top to bottom in 2018, each bright and well maintained unit features its own in-suite laundry and a fully equipped kitchen with fridge, stove, and dishwasher. All three units are currently tenanted, offering immediate rental income. The main-floor unit is rented for $1,599/month, while the upper unit, spanning two levels, is rented for $1,747/month and lower-level unit is rented for $1,299/month. Parking is conveniently located at the rear of the property with laneway access (and street parking available). Ideally situated close to shopping, major highways, Lake Ontario, parks, and everyday amenities, this property combines a convenient location with excellent income potential. A turnkey opportunity for investors looking to add a modernized multiunit property to their portfolio. Separately metered for hydro/gas. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Basement | 7'1'' x 5'3'' |
| 4pc Bathroom | Basement | — |
| Bedroom | Basement | 10'6'' x 10'2'' |
| Kitchen | Basement | 9'3'' x 6'11'' |
| Living room | Basement | 27'3'' x 9'1'' |
| 4pc Bathroom | Third level | — |
| Laundry room | Third level | 6'8'' x 5'2'' |
| Primary Bedroom | Third level | 12'2'' x 10'11'' |
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 10'5'' x 12'0'' |
| Living room | Second level | 13'3'' x 16'5'' |
| Kitchen | Second level | 14'7'' x 16'5'' |
| 4pc Bathroom | Main level | — |
| Laundry room | Main level | — |
| Bedroom | Main level | 12'1'' x 9'4'' |
| Living room | Main level | 12'4'' x 13'1'' |
| Kitchen | Main level | 13'4'' x 12'10'' |
Does it have a basement, and is it finished?+
Yes — Finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
Is 74 CATHCART Street a good fit for a growing family?+
With 4 bedrooms and 4 bathrooms (2605 sq ft), there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 2 spaces.
This home was built in 1899 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
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.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,936, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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