480 King William Street Sold 20 days ago

Hamilton, Lansdale, L8L 1R3

$1,050,000$000000

Description

Listed by Royal LePage Signature Realty.

Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for.

Hot Water Tank Owned,Existing: 4 Stoves, 4 Fridges, 4 Range Hood Fans, 4 Dishwashers, 3 Stacked Washer Dryers, One White Top Loading Washer

Location

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  • Address: 480 King William Street
  • Neighborhood: Lansdale
  • City: Hamilton
  • State: ON
  • Postal Code: L8L 1R3

Property Details

  • Property ID: 40685255
  • Property Price: $1,050,000
  • Style: Multi-4 Unit, Residential Income
  • Sq/Ft: 2382.16
  • Bath: 4
  • Parking Spaces: 6
  • A/C: Central Air
  • Basement: Full, Finished
  • Exterior: Brick, Vinyl Siding
  • Heating: Forced Air, Natural Gas
  • Taxes: $4,371.40 (2024)
  • Lot: 108.5x28.58 (Square Feet)
  • Exposure: South
  • # of stories: 2.5

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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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