171 STONE CHURCH Road E, Hamilton, Ontario

$1,299,900

16 Beds
4 Baths
3,200 Square Feet

INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 NET ANNUALLY. This Renovated 16 - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances and quickly convertible to triplex, duplex or single family home. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is deep so there is plenty room to enjoy outdoor space, or perhaps add a secondary suite in the rear. The double car, automatic garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17 & 18th room. The possibilities are endless with this one & will not last. Priced to be sold quick; Buyers -take advantage of our time-crunch needing this to be sold. (id:23309)

Listing ID: 40698571
Property Type: Single Family
Year Built: 1948

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Rooms

Level	Type	Dimensions
3pc Bathroom	Second level	10'0'' x 8'0''
Bedroom	Second level	12'0'' x 12'0''
Bedroom	Second level	12'0'' x 12'0''
Bedroom	Second level	15'0'' x 35'0''
Bedroom	Lower level	10'0'' x 11'0''
Bedroom	Lower level	12'0'' x 12'0''
Bedroom	Lower level	13'0'' x 13'0''
Bedroom	Lower level	12'0'' x 12'0''
Bedroom	Lower level	15'0'' x 12'0''
Utility room	Lower level	6'0'' x 4'0''
1pc Bathroom	Lower level	3'0'' x 3'0''
3pc Bathroom	Lower level	10'0'' x 8'0''
Eat in kitchen	Lower level	12'0'' x 12'0''
Workshop	Main level	25'0'' x 25'0''
Laundry room	Main level	10'0'' x 6'0''
3pc Bathroom	Main level	10'0'' x 8'0''
Bedroom	Main level	14'0'' x 15'0''
Bedroom	Main level	10'0'' x 15'0''
Bedroom	Main level	12'0'' x 12'0''
Bedroom	Main level	10'0'' x 12'0''
Bedroom	Main level	12'0'' x 10'0''
Bedroom	Main level	14'0'' x 14'0''
Bedroom	Main level	12'0'' x 10'0''
Bedroom	Main level	9'0'' x 10'0''

Details

Architectural Style: 2 Level
Amenities Nearby: Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Equipment: Furnace
Features: Crushed stone driveway, Industrial mall/subdivision, In-Law Suite
Ownership: Freehold
Parking Spaces: 9
Rental Equipment: Furnace
Structure: Porch
Transaction: For sale
Zoning Description: C

Building

Appliances: Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Stove, Washer, Microwave Built-in, Hood Fan, Window Coverings, Garage door opener
Architectural Style: 2 Level
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 11
Bedrooms Lower Level: 5
Constructed Date: 1948
Construction Style Attachment: Detached
Cooling: None
Exterior Finish: Brick
Fireplace Present: True
Fireplace Total: 1
Foundation: Poured Concrete
Bathrooms (Half): 1
Bathrooms (Total): 4
Heating: Radiant heat, Stove
Heating Fuel: Natural gas
Size Interior: 3200 sqft
Stories Total: 2
Type: House
Utility Water: Municipal water

Land

Access Type: Highway access, Highway Nearby
Amenities: Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 60 ft

Listing provided by Revel Realty Inc.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 171 STONE CHURCH Road E in Hamilton Ontario. It was last modified on February 20th, 2025. Contact the Bonnie & Ken Rossiter Team to schedule a viewing or to discover other Hamilton homes for sale.

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