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43 CROOKS STREET, Hamilton (Strathcona) — listed at $929,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,300, Unit 2: $1,900, and Unit 3: $1,750. With a gross annual income of $71,400 and an impressive cap rate of 5.95%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Ideally situated in Hamilton's desirable Strathcona neighbourhood, this property is conveniently located near restaurants, cafés, shopping, parks, and everyday amenities, with Dundurn Park, Locke Street, downtown Hamilton just minutes away, and Burlington Bay all within easy reach. Enjoy easy access to public transit and West Harbour GO Station, offering hourly GO train service with connections to Toronto and destinations along the Lakeshore West corridor. A fantastic location combining urban convenience, recreation, and commuter accessibility. Don't miss out on this exceptional investment opportunity! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Main level | 4.29 x 2.87 meters |
| Bathroom | Main level | 1.88 x 2.97 meters |
| Bathroom | Second level | 3.02 x 1.7 meters |
| Bathroom | Basement | 1.5 x 3.53 meters |
| Kitchen | Main level | 2.97 x 4.29 meters |
| Bedroom 4 | Basement | 2.67 x 4.5 meters |
| Bedroom 3 | Second level | 4.98 x 3.35 meters |
| Bedroom 2 | Main level | 3.66 x 4.5 meters |
| Family room | Main level | 4.01 x 4.42 meters |
| Kitchen | Basement | 2.69 x 4.85 meters |
| Bedroom 5 | Basement | 2.24 x 5.97 meters |
| Kitchen | Second level | 3.02 x 2.51 meters |
What's the parking situation?+
This property includes 10 spaces — Detached Garage, Garage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,586, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Finished, 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 (Strathcona) before counting on it.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is 43 CROOKS STREET a good fit for a growing family?+
With 5 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
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