8 Nightingale Street Hamilton, Ontario - MLS#: 40585172

$899,000

Welcome to 8 Nightingale, where investment dreams take flight! Nestled in the coveted Lansdale neighborhood just a stone's throw away from downtown, this expansive 2,022 square foot legal triplex promises not just a property, but a promising investment for astute buyers. Boasting four generously sized 2-bedroom units, this residence stands as a beacon of lucrative possibilities. With an impressive annual gross rent surpassing $60,000 and a cap rate exceeding 6.5%, this property stands tall as a cornerstone for your real estate portfolio. Sitting on a spacious lot measuring 36 feet by 127 feet, ample parking for up to four vehicles awaits, with the added allure of potential for a laneway house, further elevating revenue potential. Moreover, the strategic location - mere steps from the planned LRT stop - positions this property as a prime choice for both current and future tenants, ensuring enduring demand and maximizing your returns. Recent upgrades, including window and roof replacements in 2020, newer kitchens, flooring, lighting and more. More value-adds can be made later during vacancies. Furthermore, separate hydro meters afford convenience and flexibility, streamlining management and enhancing tenant satisfaction. Embrace hassle-free ownership with a property already filled by exceptional tenants. For a deeper dive into the financial landscape and investment potential, detailed financials are available upon request. (id:51158)

MLS# 40585172 – FOR SALE : 8 Nightingale Street Hamilton – 8 Beds, 4 Baths Detached House ** Welcome to 8 Nightingale, where investment dreams take flight! Nestled in the coveted Lansdale neighborhood just a stone’s throw away from downtown, this expansive 2,022 square foot legal triplex promises not just a property, but a promising investment for astute buyers. Boasting four generously sized 2-bedroom units, this residence stands as a beacon of lucrative possibilities. With an impressive annual gross rent surpassing $60,000 and a cap rate exceeding 6.5%, this property stands tall as a cornerstone for your real estate portfolio. Sitting on a spacious lot measuring 36 feet by 127 feet, ample parking for up to four vehicles awaits, with the added allure of potential for a laneway house, further elevating revenue potential. Moreover, the strategic location – mere steps from the planned LRT stop – positions this property as a prime choice for both current and future tenants, ensuring enduring demand and maximizing your returns. Recent upgrades, including window and roof replacements in 2020, newer kitchens, flooring, lighting and more. More value-adds can be made later during vacancies. Furthermore, separate hydro meters afford convenience and flexibility, streamlining management and enhancing tenant satisfaction. Embrace hassle-free ownership with a property already filled by exceptional tenants. For a deeper dive into the financial landscape and investment potential, detailed financials are available upon request. (id:51158) ** 8 Nightingale Street Hamilton **

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Property Details

MLS® Number	40585172
Property Type	Single Family
Amenities Near By	Park, Public Transit
Equipment Type	Water Heater
Parking Space Total	4
Rental Equipment Type	Water Heater

About 8 Nightingale Street, Hamilton, Ontario

Building

Bathroom Total	4
Bedrooms Above Ground	6
Bedrooms Below Ground	2
Bedrooms Total	8
Appliances	Dishwasher, Dryer, Refrigerator, Stove, Washer, Hood Fan
Basement Development	Finished
Basement Type	Full (finished)
Constructed Date	1923
Construction Style Attachment	Detached
Cooling Type	None
Exterior Finish	Brick
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	3
Size Interior	2639
Type	House
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Park, Public Transit
Sewer	Municipal Sewage System
Size Depth	128 Ft
Size Frontage	36 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	D

Rooms

Level	Type	Length	Width	Dimensions
Second Level	3pc Bathroom			Measurements not available
Second Level	Living Room			10'2'' x 11'11''
Second Level	Bedroom			11'4'' x 9'0''
Second Level	Primary Bedroom			10'3'' x 13'5''
Second Level	Kitchen			11'4'' x 8'8''
Third Level	3pc Bathroom			Measurements not available
Third Level	Bedroom			9'6'' x 11'11''
Third Level	Primary Bedroom			9'6'' x 17'1''
Third Level	Kitchen			12'0'' x 15'10''
Basement	Laundry Room			11'2'' x 7'7''
Basement	3pc Bathroom			Measurements not available
Basement	Bedroom			11'2'' x 12'6''
Basement	Primary Bedroom			11'2'' x 10'1''
Basement	Living Room			10'4'' x 9'2''
Basement	Kitchen			10'4'' x 12'4''
Main Level	3pc Bathroom			Measurements not available
Main Level	Living Room			11'3'' x 15'6''
Main Level	Bedroom			9'1'' x 12'3''
Main Level	Primary Bedroom			11'3'' x 15'0''
Main Level	Kitchen			10'3'' x 13'3''

https://www.realtor.ca/real-estate/26862714/8-nightingale-street-hamilton