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164 Wentworth Street S Hamilton (Stinson), Ontario L8N 2Z2

5 Bedroom 3 Bathroom 2000 - 2500 sqft
Radiant Heat

$880,000

PROPERTY OVERVIEW: Solid, well-cared-for legal triplex with three self-contained units above ground in a fourplex-zoned area. High cashflow (see attachment), with easy conversion potential to a legal fourplex. Two of the three units are renovated and paying market rents and utilities (providing a built-in inflation hedge). Excellent reliable tenants in all three units. House has character, natural light, green outdoor spaces, and ample parking in both front and rear. Suits multi-generational living. ***KEY PROPERTY DETAILS: Unit 1 (main floor): large 3-bedroom unit with basement, private fenced backyard, and shed. Unit 2 (2nd floor): 1-bedroom unit with spacious kitchen. Unit 3 (2nd floor): 2-bedroom unit with open-concept kitchen. Unit 2 & 3 share an additional semi-private backyard. All units have en-suite washer/dryers. 200 AMP service with 3 hydro meters. Additional outdoor staircase to 2nd floor. ***ADDITIONAL INCOME POTENTIAL: Unit 1 offers long-term stability today with future potential to enhance long-term value through modernization & conversion to 2 self-contained apartments (R1a zoning permits fourplexes; see attachment for details). Additional income potential: basement with existing separate entrance, large unused attic with high ceilings. ***LOCATION: Prime location in a family neighborhood, steps to hiking/biking on the Bruce Trail (Escarpment Rail Trail) and stairs to Mountain. Great transit options: Wentworth/Stinson/Main Street buses, Hamilton GO Station, easy access to Mountain & highways, direct bus route to McMaster University. Adjacent to the sought-after Stinson School Lofts and Grant Street. Strong rental demand, especially with Masters & PhD students and medical professionals. Near schools, grocery stores, hospitals, restaurants, cafes. ***FINANCIALS & CAPEX: See verifiable financial info, recent capital upgrades, and other info in attachment. (id:41954)

Property Details

MLS® Number X12394367
Property Type Multi-family
Community Name Stinson
Parking Space Total 4

Building

Bathroom Total 3
Bedrooms Above Ground 5
Bedrooms Total 5
Appliances Water Heater
Basement Development Unfinished
Basement Features Separate Entrance
Basement Type N/a (unfinished)
Exterior Finish Brick
Flooring Type Hardwood
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 2
Size Interior 2000 - 2500 Sqft
Type Triplex
Utility Water Municipal Water

Parking

Carport
No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 110 Ft
Size Frontage 40 Ft
Size Irregular 40 X 110 Ft
Size Total Text 40 X 110 Ft

Rooms

Level Type Dimensions
Second Level Living Room 4.88 m x 3 m
Second Level Kitchen 3.52 m x 3.61 m
Second Level Bedroom 4.01 m x 2.49 m
Second Level Living Room Measurements not available
Second Level Kitchen Measurements not available
Second Level Primary Bedroom Measurements not available
Second Level Bedroom 2 Measurements not available
Main Level Kitchen Measurements not available
Main Level Living Room Measurements not available
Main Level Bedroom Measurements not available

https://www.realtor.ca/real-estate/28842582/164-wentworth-street-s-hamilton-stinson-stinson

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