Welcome To 8 Nightingale! A Triplex With A Total Of 4 Units In The Landsdale Neighbourhood. The Property Is Well Maintained And Has One Vacant Unit Ready To Be Leased At Market Rent! There Is Laneway Access To 4 Rear Parking Spots! This Is A Hassle Free Investment Property With Amazing Tenants! Financials Available Upon Request.

Welcome to 8 Nightingale, where investment dreams take flight! Nestled in the coveted Lansdale neighborhood just a stone's throw away from downtown, this expansive 2,022 square foot legal triplex promises not just a property, but a promising investment for astute buyers. Boasting four generously sized 2-bedroom units, this residence stands as a beacon of lucrative possibilities. With an impressive annual gross rent surpassing $60,000 and a cap rate exceeding 6.5%, this property stands tall as a cornerstone for your real estate portfolio. Sitting on a spacious lot measuring 36 feet by 127 feet, ample parking for up to four vehicles awaits, with the added allure of potential for a laneway house, further elevating revenue potential. Moreover, the strategic location - mere steps from the planned LRT stop - positions this property as a prime choice for both current and future tenants, ensuring enduring demand and maximizing your returns. Recent upgrades, including window and roof replacements in 2020, newer kitchens, flooring, lighting and more. Brand new energy efficient combi-broiler installed in 2024 and Fire Escape in 2025. More value-adds can be made later during vacancies. Furthermore, separate hydro meters afford convenience and flexibility, streamlining management and enhancing tenant satisfaction. Embrace hassle-free ownership with a property already filled by exceptional tenants. For a deeper dive into the financial landscape and investment potential, detailed financials are available upon request.

PT LT 55, PL 43 , AS IN VM230798 ; HAMILTON

Pt Lt 55, Pl 43, As In Vm230798; Hamilton

Take Advantage Of The Rare Opportunity To Call This 2228 Square Foot Legal Triplex Yours. This Property Offers Up Four Large Units In A Sought After Neighbourhood Close To Downtown. With Gross Rents Of Over $55,000 And A Cap Rate Of Over 6%, This Property Will Be The Perfect Fit For Your Growing Portfolio. At 36 Feet By 127 Feet, This Huge Lot Offers Up To Six Car Parking And The Potential To Build Laneway House To Increase Revenue. Rsa.

Pt Lt 55, Pl 43 , As In Vm230798 ; Hamilton

8 Nightingale St, Landsdale, Hamilton, ON L8L1R6

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History

Property Details

Rooms

Contact Agent for Questions/Viewing

Contact Agent for Questions/Viewing

Similar Listings

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Recently Sold Listings In Landsdale