Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,500 Unit 3: $1,750. Unit 2 tenant is moving out and vacant possession will be available. Buyer can move in or set rental to $1,900. With a gross annual income of $73,800 and an impressive cap rate of 5.40%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Dont miss out on this exceptional investment opportunity! Please see financial attachment attached on listing to see full breakdown (id:4069)
Address
43 CROOKS Street
List Price
$1,125,000
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Hamilton
Bedrooms
5
Bathrooms
2
Floor Area
1,747 Sq. Ft.
MLS® Number
40691837
Listing Brokerage
RE/MAX Aboutowne Realty Corp.
Basement Area
Full (Finished)
Postal Code
L8R2Z7
Zoning
RES
Site Influences
Marina, Park, Public Transit
Features
Sump Pump
