133-135 Wellington Street N, Hamilton, Ontario L8R 1N4

Massive opportunity to sever this double lot legal fourplex into 2 duplexes. Or live in one unit and let the other 3 pay your mortgage. Or keep all 4 units rented out for one of the highest cashflowing properties you will find in this price range. Current rents: Unit 1: $1500 + Hydro, Unit 2: $1750 + Hydro, Unit 3: $1850 + Hydro, Unit 4: $2200 + hydro. All units are above ground, 4,935 sq ft + unfinished basement. 2 Brand new High efficiency furnaces. Sandwiched between 2 highrise buildings makes for incredible land value alone. Detached garage in the back could mean extra storage income or convert it into another accessory unit. High cashflow even with current mortgage rates. Main floor has two 2 bedroom apartments, upper levels have two 4 bedroom apartments. Each apartment comes with 2 living rooms. VTB available. **** EXTRAS **** 2 Brand new furnaces, 4 fridges, 4 stoves, washer, dryer, 2 hot water tanks (id:27476)

This property offers a total of 3 parking spaces, presenting a significant opportunity to divide the double lot into two duplexes. Alternatively, one could choose to reside in one unit while renting out the other three to cover the mortgage. Another option is to keep all four units rented, as this property boasts one of the highest cash flows in its price range. The current rents for the units are as follows: Unit 1: $1500 + Hydro, Unit 2: $1750 + Hydro, Unit 3: $1850 + Hydro, Unit 4: $2200 + hydro. All units are above ground, with a total area of 4,935 sq ft, including an unfinished basement. Additionally, there are two brand new high-efficiency furnaces. The property's location, sandwiched between two high-rise buildings, adds to its incredible land value. There is also a detached garage in the back, which could provide extra storage income or be converted into another accessory unit. The property continues to generate high cash flow, even with current mortgage rates. The main floor consists of two 2-bedroom apartments, while the upper levels feature two 4-bedroom apartments, each with 2 living rooms. VTB financing is available.

Additional features of this property include 2 brand new furnaces, 4 fridges, 4 stoves, a washer, a dryer, and 2 hot water tanks. It is currently listed for sale and has a land size of 41.79 x 123.6 FT. The property is located at 133-135 WELLINGTON ST N in the city of Hamilton, Ontario, with a postal code of L8R1N4. It is situated in the community of Beasley and offers a total of 7 bathrooms, 8 bedrooms above ground, and 4 bedrooms below ground, resulting in a total of 12 bedrooms. The property also includes an unfinished basement and has an exterior finish of aluminum siding and brick. Heating is provided by natural gas and forced air, and the property consists of 2.50 stories. Its type is a fourplex.