171 Bay Street S
Hamilton (Durand), Ontario L8P3H8

6 beds · 12 baths · 2999.975 - 3499.9705 sqft

Amazing multi family property in downtown Hamilton steps to the core and surrounded by new development projects. This Victorian Mansion still keeps its charm and character while being a great investment for your portfolio. All units have separate hydro meters and there is shared coin op laundry in the basement. Main floor is a very large one bedroom that is currently being used as 2 bedrooms. The 2nd floor is a spacious 3 bedroom unit with a living room. 3rd floor is a well maintained 2 bedroom unit with a long term tenant. Basement is a great size 2 bedroom unit. All units except the 3rd floor will be vacant on closing. This gives the new buyer a chance to add value to the building and pick their own tenants. Great location for tenants with Go Train station a short walk, St Joe's hospital not far away, and James St S & Augusta with all the newest best restaurants in town. Properties like this don't come to the market often. (id:39198)

Facts & Features

Building Type Fourplex

Year built

Square Footage 2999.975 - 3499.9705 sqft

Stories 2.5

Bedrooms 6

Bathrooms 12

Parking 2

NeighbourhoodDurand

Land size 40 x 75 FT|under 1/2 acre

Heating type Radiant heat

Basement typeFull

Parking Type

Time on REALTOR.ca2 days

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.

Brokerage Name: ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Powered by: REALTOR.ca

Home price

$1,399,999

Start with 2% down and save toward 5% in 3 years*

* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.

$12,735 / month

Rent $11,262

Savings $1,473

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$11,224 / month

Rent $10,917

Savings $306

Initial deposit 5%

Savings target Fixed at 5%

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