317 Queen Street, Hamilton, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey multiplex located in the coveted neighborhood of Durand. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $875,000 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.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 25 x 130 ft lot
- Features a apartment, separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available
- Notable attributes: Accessory Apartment, Separate Hydro Meter, Water Heater
- equipped with central air, wall unit(s) central cooling and highly efficient forced air heating via electric
Description
Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets.
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Property Summary
This multiplex located at 317 Queen Street, Hamilton is currently for sale and has been available on SousaSells for 23 days. This property is listed at $875,000 with an estimated mortgage of $2,913* per month. It has 6 beds, 3 bathrooms, and is 2000-2500 square feet. 317 Queen Street, Hamilton is in the Durand neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Durand, Hamilton.
- •6 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Durand, Hamilton.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Accessory Apartment
- Separate Hydro Meter
- Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 317 Queen Street, Hamilton, ON
Q.What is the asking price for 317 Queen Street, Hamilton, ON ?
The current listing price for 317 Queen Street, Hamilton, ON in Durand, Hamilton is $875,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and 3 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 317 Queen Street, Hamilton, ON ?
317 Queen Street, Hamilton, ON is a Multiplex (2 1/2 Storey) featuring a Apartment, Separate Entrance, Finished basement.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, Separate Hydro Meter, Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 1.0 vehicle (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Central Air, Wall Unit(s).
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Data-driven valuation for 317 Queen Street S, Hamilton, ON L8P 3T6
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $875,000 in Hamilton, the legal minimum down payment is $62,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,975 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.