480 King William Street, Hamilton, ON
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
Description
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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Property Summary
This fourplex located at 480 King William Street, Hamilton is currently for sale and has been available on SousaSells for 580 days. This property is listed at $1,050,000 with an estimated mortgage of $3,495* per month. It has 5 beds, 4 bathrooms, and is 1500-2000 square feet. 480 King William Street, Hamilton is in the Landsdale neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Public Transit, School
Interior Features
Carpet Free, Separate Hydro Meter, Water Heater
Security Features
Carbon Monoxide Detectors, Smoke Detector
Community Features
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Location
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
Based on 0 recent similar sales in the pocket.
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 $1,050,000 in Hamilton, the legal minimum down payment is $210,000 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 $17,475 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 $17,475.
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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.