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172 Markland Street Hamilton, Ontario L8P 2K5

8 Bedroom 6 Bathroom
Forced Air

$1,749,900

Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12x15 accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request. (id:56248)

Property Details

MLS® Number X9769043
Property Type Multi-family
Neigbourhood Durand
Community Name Durand
ParkingSpaceTotal 2

Building

BathroomTotal 6
BedroomsAboveGround 8
BedroomsTotal 8
BasementDevelopment Partially Finished
BasementType Partial (partially Finished)
ExteriorFinish Stucco, Wood
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
Type Other
UtilityWater Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 74 Ft
SizeFrontage 56 Ft ,3 In
SizeIrregular 56.29 X 74 Ft
SizeTotalText 56.29 X 74 Ft

https://www.realtor.ca/real-estate/27691426/172-markland-street-hamilton-durand-durand

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