You really can't miss this value added investment that not only makes a strong statement on the street, but is a strong investment too! Not only a bold facade, but a bold 8% potential cap rate make this solid semi-detached currently set up as 3 self-contained units an ideal income generating property. The fully renovated rear one-bedroom unit, front studio and second-floor one-bedroom are fully occupied, offering a turn-key opportunity to get into the in-demand Hamilton rental market. The main floor could be consolidated back into one unit for the owner who may want to live in and rent the upper unit. Recent improvements include a complete frame-in renovation of the rear unit, as well as new furnace and hot water tank (2021), updated wiring with 200-amp breaker panel and some exterior brick repointing with the front and side painted (2022), rear stairs replaced (2019), tiled tub surround & bedroom flooring in upper unit just replaced March 2026. Two rear parking spaces on a concrete driveway with paved alley access, plus proximity to downtown and public transit routes makes it a very attractive prospect to tenants. A practical & profitable opportunity for investors to build long-term equity in an improving Lansdale neighbourhood. (id:58549)
| MLS® Number | 40798621 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit |
| Parking Space Total | 2 |
| Bathroom Total | 3 |
| Bedrooms Total | 2 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1891 |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Brick Veneer |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1324 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 96 Ft |
| Size Frontage | 24 Ft |
| Size Irregular | 0.05 |
| Size Total | 0.05 Ac|under 1/2 Acre |
| Size Total Text | 0.05 Ac|under 1/2 Acre |
| Zoning Description | R1a |
https://www.realtor.ca/real-estate/29251562/220-emerald-street-n-hamilton
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