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342 KING WILLIAM STREET, Hamilton (Landsdale) — listed at $799,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Excellent Investment Opportunity in Hamilton! Offered for sale by a long-term owner retiring, this renovated and upgraded property featuring legal duplex with an existing three-unit layout. This versatile property offers very good cash flow potential and opportunities to further maximize rental income. Very Bright and inviting throughout, the home features plenty of windows that fill the living spaces with lots of natural light.The upper unit features 4 bedrooms, 2 bathrooms, ensuite laundry, 1 Family Room (Can be used as a bedroom), and a roughed-in kitchen area currently configured as a bedroom, offering potential for a fourth unit. The main unit features 2 bedrooms, 1 family room (which can be used as a 3rd bedroom), and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom. All three existing units have separate kitchens, providing independent living spaces and flexible rental possibilities. Recent Updates: Roof (2025), furnace (2023), and hot water tank (2019). With no existing rental contracts, very low expenses, and vacant possession, the new owner has the flexibility to further customize the home or establish their own tenancy arrangements at current market rents.Additional highlights include 3 separate hydro meters and approximately $75,000 in potential gross annual rental income with all three units, making this an attractive opportunity for investors seeking strong cash flow and long-term investment potential.Conveniently located in downtown Hamilton, the property is close to public transit, shopping, restaurants, and everyday amenities.A great opportunity to acquire a bright, versatile, multi-unit investment property with excellent income potential! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Third level | 4.46 x 3.06 meters |
| Dining room | Ground level | 3.25 x 4.53 meters |
| Bedroom | Basement | 2.85 x 3.41 meters |
| Dining room | Basement | 2.99 x 6.47 meters |
| Bedroom 2 | Third level | 3.61 x 3.73 meters |
| Family room | Second level | 3.74 x 3.38 meters |
| Bedroom | Second level | 3.26 x 2.97 meters |
| Bedroom 2 | Second level | 3.44 x 3.37 meters |
| Kitchen | Second level | 3.26 x 5.39 meters |
| Family room | Ground level | 3.69 x 3.41 meters |
| Bedroom | Ground level | 3.42 x 2.52 meters |
| Bedroom 2 | Ground level | 2.51 x 3.4 meters |
| Kitchen | Ground level | 2.49 x 2.79 meters |
What's the parking situation?+
This property includes 1 space — No Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
How is the space laid out across floors?+
This is a 2.5-storey multi-family. The 7 bedrooms and 4 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 342 KING WILLIAM STREET a good fit for a growing family?+
With 7 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
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.
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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