Welcome to this remarkable ["2 1/2 Storey"] triplex located in the coveted neighborhood of Gibson. Expertly crafted featuring premium brick and shingle construction, this residence presents an exceptional opportunity offered at $649,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Welcome to this fully renovated multi-unit gem, ideally located near Tim Hortons Field and a Bernie Morelli Recreation Centre! Each unit features 1 bedroom, a 4-piece bathroom, a bright living room, and a modern kitchen, all updated in 2018/2019. The renovations boast laminate and porcelain tile flooring, quartz countertops, stylish subway tile backsplashes, stainless steel appliances, pot lights, and new bathrooms. Updated finishes include new doors, baseboards, and trim, with most of the home re-drywalled. Major system upgrades include new wiring with a 200-amp panel, plumbing, furnace, roof, windows, and a water heater. The incoming water line has been upgraded to 1 inch, and spray foam insulation added to the third floor for enhanced efficiency. Shared coin laundry is conveniently located in the foyer. The property generates a solid gross income of $53,720.52 annually, with rents covering utilities. There's also exciting potential for a 4th unit with a side entrance to the basement. Unit 3 is currently vacant, offering flexibility for future tenants or owner-occupiers!
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Data-driven valuation for 22 Lottridge Street, Hamilton, ON L8L 6T5
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Properties in this area are selling at a steady pace.
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