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158 HUNTER STREET E, Hamilton (Corktown) — 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, back water 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 to confirm compliance with fire/life-safety upgrades consistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately2,385 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 |
|---|---|---|
| Kitchen | Main level | 4.72 x 3.43 meters |
| Bathroom | Second level | 1.98 x 1.55 meters |
| Bedroom | Second level | 3.45 x 2.92 meters |
| Kitchen | Second level | 5.54 x 2.74 meters |
| Living room | Second level | 4.65 x 2.46 meters |
| Bathroom | Second level | 1.3 x 1.12 meters |
| Bedroom | Third level | 8.18 x 5.36 meters |
| Bathroom | Third level | 3.17 x 1.7 meters |
| Utility room | Basement | 2.29 x 1.73 meters |
| Other | Basement | 11.63 x 5.05 meters |
| Other | Basement | 3.38 x 3.2 meters |
| Great room | Main level | 3.43 x 3.25 meters |
| Foyer | Main level | 6.55 x 1.75 meters |
| Bathroom | Main level | 2.26 x 2.21 meters |
| Kitchen | Main level | 3.63 x 2.46 meters |
| Living room | Main level | 3.63 x 2.87 meters |
| Bathroom | Main level | 2.49 x 2.16 meters |
| Bedroom | Main level | 3.76 x 3.58 meters |
| Other | Main level | 3.02 x 1.09 meters |
| Kitchen | Second level | 3.63 x 2.67 meters |
| Living room | Second level | 3.63 x 2.82 meters |
Could this work as an investment property?+
The basement description mentions: Unfinished, Full, 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 (Corktown) before counting on it.
Does it have a basement, and is it finished?+
Yes — Unfinished, Full, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
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.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the space laid out across floors?+
This is a 3-storey single family. The 3 bedrooms and 5 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 0 spaces — No Garage.
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