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158 HUNTER Street E, Hamilton — listed at $999,999. Earn buyer cashback at closing. No catches, just more money in your pocket.
$90,840 GROSS ANNUAL RENT | $71,929 NET INCOME | 6.86% CAP RATE AT CURRENT LIST PRICE. A compelling opportunity for investors seeking strong cash flow without taking on a major renovation project. Configured & operated as four self-contained rental suites, the property has undergone extensive upgrades, including: new roof & eaves, furnace & A/C, sewer line to the City, updated copper water line, backwater valve, 200-amp electrical service with separated panels, updated plumbing, windows, HVAC distribution, foundation restoration, exterior grading correction, and significant interior renovations. City inspected during permitted renovations in compliance with fire/life-safety upgrades consistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately 2,385 sq ft (MPAC), with in-suite laundry throughout, updated kitchens & bathrooms, and excellent tenant appeal. Located in Corktown steps from Hamilton GO Centre, St. Joseph's Healthcare, parks, the rail trail, Augusta Street restaurants, and downtown. Full income and expense breakdown available. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Main level | 5'9'' x 21'6'' |
| Storage | Basement | 10'6'' x 11'1'' |
| Other | Basement | 16'7'' x 38'2'' |
| Utility room | Basement | 5'8'' x 7'6'' |
| 3pc Bathroom | Third level | 5'7'' x 10'5'' |
| Bedroom | Third level | 17'7'' x 26'10'' |
| 2pc Bathroom | Second level | 3'8'' x 4'3'' |
| Living room | Second level | 8'1'' x 15'3'' |
| Kitchen | Second level | 9'0'' x 18'2'' |
| Bedroom | Second level | 9'7'' x 11'4'' |
| 3pc Bathroom | Second level | 5'1'' x 6'6'' |
| Living room | Second level | 9'3'' x 11'11'' |
| Kitchen | Second level | 8'9'' x 11'11'' |
| Storage | Main level | 3'7'' x 9'11'' |
| Bedroom | Main level | 11'9'' x 12'4'' |
| 3pc Bathroom | Main level | 7'1'' x 8'2'' |
| Living room | Main level | 9'5'' x 11'11'' |
| Kitchen | Main level | 8'1'' x 11'11'' |
| 3pc Bathroom | Main level | 7'3'' x 7'5'' |
| Great room | Main level | 10'8'' x 11'3'' |
| Kitchen | Main level | 11'3'' x 15'6'' |
Is 158 HUNTER Street E a good fit for a growing family?+
With 3 bedrooms and 5 bathrooms (2385 sq ft), there's room for kids plus a guest room or home office. The 3-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes None.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
This home was built in 1885 — 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 $4,943, 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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