480 King William Street, Hamilton, ON

$1,050,000
MLS#:X11892618
5 beds
4 baths
1500-2000 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2 1/2 Storey"] fourplex located in the coveted neighborhood of Landsdale. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,050,000 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.

  • 5 Bedrooms and 4 Bathrooms with 4 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 28.58 x 108.5 ft lot
  • Features a ["apartment", "finished with walk-out"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: Carpet Free, Separate Hydro Meter, Water Heater
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for.

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Key Features

Bedrooms
5
Bathrooms
4
Kitchens
4
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 7, 2025
Sold price information is available to members only
Listed Date12/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeFourplex
ConstructionBrick, Vinyl Siding
Lot Size28.58 × 108.5 Feet
CountyHamilton
Annual Tax$4,371.4
Legal DescriptionPT LT 18, PL 43 , AS IN VM2325, LYING N OF KING ST. BTN WENTWORTH & ASHLEY STREETS ; PT OF KINGWILLIAM ST , PL 43; HAMILTON 98/05/19 MN

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Public Transit, School

Community Features

Location

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480 King William Street, Hamilton, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 480 King William Street, Hamilton, ON L8L 1R3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$840,000
Monthly Mortgage$4,881
Property Tax (Est.)$364
Utilities & Maint.$350
Total Monthly Cost$5,595

Strategic Fiscal Clarity

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480 King William Street, Hamilton - 5 Bed 4 Bath Home For Sale | MLS# X11892618 | ZooZaa | SousaSells Real Estate