260 Prospect Street No longer available

Hamilton, Blakeley, L8M 2Z9

$678,000

Description

Listed by HARVEY KALLES REAL ESTATE LTD..

Calling all homebuyers looking to reduce your monthly mortgage payment or investors looking for agreat rental investment. You found it here with this legal duplex which has lots of potential!!! This house is perfectly situated in the high demand Blakely neighborhood and is fully leased. It is collecting approximate $41,000 annually with an NOI of $32,700 offering a compelling ROI boasting a cap rate around 4.8%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can reduce their monthly expenses between $1,500 to $2,000/m. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.

Location

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  • Address: 260 Prospect Street
  • Neighborhood: Blakeley
  • City: Hamilton
  • State: Ontario
  • Postal Code: L8M 2Z9

Property Details

  • Property ID: X9081533
  • Property Price: $678,000
  • Style: Duplex, 2-Storey
  • Sq/Ft: 1100-1500
  • Rooms: 9
  • Bedrooms: 3+1
  • Bath: 2
  • Garages Spaces: 2
  • Garage: Detached
  • Parking Spaces: 4
  • Year Built: 100+
  • A/C: Central Air
  • Basement: Sep Entrance, Unfinished
  • Den: Y
  • Elevator: N
  • Exterior: Alum Siding
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $3,922.00 (2023)
  • Acreage: < .50 Acres
  • Lot: 100.00x50.00 (Feet)

Room details and dimensions

Statistics for similar Duplex homes in Blakeley

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Duplex homes in Blakeley

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Duplex homes in Blakeley

Property History

This property has been sold 2 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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