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131 EMERSON Street, Hamilton — listed at $1,300,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
One of the best income properties near McMaster this property is a proven moneymaker! The present owner has maintained this property since 1998 and regrets that she can longer do so. She offers it to discerning investors or as a multigenerational home. The original home features 6 bedrooms and 2 bathrooms and could be used as a family home. The 1998 addition would provide income to pay the bulk of the monthly bills. Or continue its present use with six bedrooms in the front and 7 in the back rented to students. Buyers are advised to obtain advise as to the applicable Municipal bylaws. The front unit has 4 plus 2 bedrooms, 3 bathrooms a laundry, 2 kitchens and a living room and has its own furnace with central air. The rear unit features 4 plus 3 bedrooms, 3 bathrooms, a laundry, 2 kitchens. It also is heated by its own furnace. The 40' by 140.92 lot provides ample parking via the private side drive. Take a good look gems like this are not offered often. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Second level | 5'7'' x 5'8'' |
| Bedroom | Second level | 10'0'' x 9'10'' |
| 4pc Bathroom | Main level | 6'10'' x 5'6'' |
| 4pc Bathroom | Main level | 8'8'' x 5'0'' |
| Laundry room | Main level | 5'0'' x 5'8'' |
| Kitchen/Dining room | Main level | 11'6'' x 12'0'' |
| Foyer | Main level | 6'0'' x 6'0'' |
| Living room | Main level | 12'0'' x 14'7'' |
| Eat in kitchen | Basement | 6'11'' x 14'10'' |
| Bedroom | Basement | 10'6'' x 11'6'' |
| Bedroom | Basement | 10'6'' x 12'3'' |
| Utility room | Basement | 6'1'' x 10'5'' |
What's the parking situation?+
This property includes 5 spaces.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,462.36, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $1,300,000, standout features include 2300 sq ft, 3 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
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 there air conditioning?+
Yes — central air conditioning cooling is in place.
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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