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Pina Marrella

info@pinarealestate.com +1(416) 909-1969

$725,000

Est. payment - /mo

5 Beds

2 Baths

1,788 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1788

Square Footage 1,788 sqft

Price per Sqft $405

Subdivision 176 - Hill Park

MLS® Listing ID 40867137

Style Raised bungalow

Bedrooms 5

Year Built 1955

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Freehold

Property Description

Investors and owner-occupiers, take note! This fully legal duplex offers an incredible opportunity to build equity while generating rental income — whether you're looking to expand your portfolio or live in one unit and rent out the other for an additional source of income. This property features two updated, self-contained units: a spacious 3-bedroom main-floor unit and a well-appointed 2-bedroom basement unit. Both units feature stainless steel appliances and offer comfortable, modern living spaces that are attractive to today's tenants. With separate hydro meters, tenants can be responsible for their own electricity usage. The basement unit also offers the added bonus of no rent control, providing greater flexibility for future rental income. The property is being offered vacant, giving the new owner the flexibility to set their own rents from day one. For an owner-occupier, this creates an especially attractive opportunity: live in one unit while renting the other, generating rental income that can help offset your monthly mortgage payment and make home ownership more affordable. For investors, the property's layout provides the potential for healthy monthly cash flow, while its location helps attract a large and diverse tenant pool. Situated in a mature and established neighbourhood, this property is conveniently located close to Lime Ridge Mall, shopping, restaurants, schools, transit, everyday amenities, and major highways. With quick and easy highway access, getting around the city is a breeze — making this a highly convenient location for both homeowners and tenants. Whether you're looking to house-hack your way into home ownership, reduce your monthly carrying costs, or add a strong income-producing property to your portfolio, this fully legal duplex offers flexibility, rental income potential, updated units, and an incredible location all in one package. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement Measurements not available Utility room

Extra Room 2 Basement Measurements not available 4pc Bathroom

Extra Room 3 Basement 11'4'' x 10'0'' Bedroom

Extra Room 4 Basement 13'5'' x 11'0'' Primary Bedroom

Extra Room 5 Basement 21'0'' x 13'5'' Kitchen

Extra Room 6 Main level Measurements not available 4pc Bathroom

Interior

Heating Baseboard heaters, Hot water radiator heat

Cooling Ductless

Exterior

Parking Features No

Community Features Community Centre, School Bus

View Y/N No

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 1

Sewer Municipal sewage system

Architectural Style Raised bungalow

Others

Ownership Freehold

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Listed by Keller Williams Complete Realty

Nearby Locations

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Pina Marrella

+1(416) 909-1969

Agent

499 EAST 16TH Street Hamilton, ON L9A4K9

Pina Marrella

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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499 EAST 16TH Street