164 Wentworth Street S, Hamilton, Ontario L8N 2Z2 (28842583)

164 Wentworth Street S Hamilton, Ontario L8N 2Z2

3,300 ft2
Fully Air Conditioned Hot Water Radiator Heat

$889,000

PROPERTY OVERVIEW: Solid, well-cared-for legal triplex with three self-contained units above ground in a fourplex-zoned area. High cashflow (see attachment), with easy conversion potential to a legal fourplex. Two of the three units are renovated. All three units are rented and paying market rents and cover utilities cost(providing a built-in inflation hedge). Excellent reliable tenants in all three units. House has character, natural light, green outdoor spaces, and ample parking in both front and rear. Suits multi-generational living. ***KEY PROPERTY DETAILS: Unit 1 (main floor): large 3-bedroom unit with basement, private fenced backyard, and shed. Unit 2 (2nd floor): 1-bedroom unit with spacious kitchen. Unit 3 (2nd floor): 2-bedroom unit with open-concept kitchen. Unit 2 & 3 share an additional semi-private backyard. All units have en-suite washer/dryers. 200 AMP service with 3 hydro meters. Additional outdoor staircase to 2nd floor. ***ADDITIONAL INCOME POTENTIAL: Unit 1 offers long-term stability today with future potential to enhance long-term value through modernization & conversion to 2 self-contained apartments (R1a zoning permits fourplexes; see attachment for details). Additional income potential: basement with existing separate entrance, large unused attic with high ceilings. ***LOCATION: Prime location in a family neighborhood, steps to hiking/biking on the Bruce Trail (Escarpment Rail Trail) and stairs to Mountain. Great transit options: Wentworth/Stinson/Main Street buses, Hamilton GO Station, easy access to Mountain & highways, direct bus route to McMaster University. Adjacent to the sought-after Stinson School Lofts and Grant Street. Strong rental demand, especially with Masters & PhD students and medical professionals. Near schools, grocery stores, hospitals, restaurants, cafes. ***FINANCIALS & CAPEX: See verifiable financial info, recent capital upgrades, and other info in attachment. (id:24801)

Property Details

MLS® Number X12394372
Property Type Multi-family
Community Name Stinson
Amenities Near By Public Transit

Building

Cooling Type Fully Air Conditioned
Heating Type Hot Water Radiator Heat
Size Interior 3,300 Ft2
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Size Depth 110 Ft
Size Frontage 40 Ft
Size Irregular 40 X 110 Ft
Size Total Text 40 X 110 Ft
Zoning Description R1

https://www.realtor.ca/real-estate/28842583/164-wentworth-street-s-hamilton-stinson-stinson

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Zhana Jurevich
Salesperson

(416) 739-7200 x2068
jurevichteam.com/
www.facebook.com/ZhanaJurevichAtSuttonGroupAdmiralRealtyBrokerage

Sutton Group-Admiral Realty Inc.
1206 Centre Street
Thornhill, Ontario L4J 3M9

(416) 739-7200
(416) 739-9367
www.suttongroupadmiral.com/

Aleksandra Jurevich
Salesperson

(416) 739-7200
www.finehomescondos.com/
www.facebook.com/FineHomesCondos
www.linkedin.com/company/fine-homes-condos

Sutton Group-Admiral Realty Inc.
1206 Centre Street
Thornhill, Ontario L4J 3M9

(416) 739-7200
(416) 739-9367
www.suttongroupadmiral.com/

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