Residential in Hamilton

CA$560,000

47 Nightingale, L8L 1R7, Hamilton, ON

Residential for sale in Hamilton, 47 Nightingale, L8L 1R7

47 Nightingale, L8L 1R7, Hamilton, ON

CA$560,000

6Bed
2Bath
Type: Residential

Description

47 Nightingale Street, Hamilton is an investment property within a portfolio. A four-door property combining a room-based upper unit with a self-contained basement suite, offered at a 5.83% in-place cap rate on current rents. This fully-tenanted property generates $46, 200 in gross annual rent and $34, 950 NOI/Profit. The basement is operated as a 3-room unit with its own living room, kitchen, and bathroom, sitting below a 3-door upper unit. Three of the four doors are already month-to-month, giving a new owner a clear, near-term path to reset rents to market on standard notice without waiting years for turnover. The room-based configuration plus a separate basement unit allows income to be grown door-by-door rather than all at once. 2-car parking at the rear adds a rentable amenity in a parking-constrained lower-city location, with further upside available by renting the spots separately.

Location

47 Nightingale, L8L 1R7, Hamilton, ON

Data

Object TypeResidential
Purchase PriceCA$560,000
Living Space0 m²
Plot SizeN/A
Bathrooms2
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeGas, Forced Air
Primary Energy SourceN/A
Construction YearN/A
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent