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220 Emerald Street N Hamilton, Ontario L8L 5K8

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$399,900

MLS® Number: X12697068
2 3 2

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 nearly 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 and second-floor one-bedroom are fully occupied, and the front studio is tenant-ready or available to update to suit your needs, 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:59126)

Property Details

MLS® Number X12697068
Property Type Multi-family
Community Name Landsdale
Features Lane
Parking Space Total 2

Building

Bathroom Total 3
Bedrooms Above Ground 2
Bedrooms Total 2
Age 100+ Years
Appliances Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type None
Exterior Finish Aluminum Siding, Brick Veneer
Foundation Type Stone
Heating Fuel Electric, Natural Gas
Heating Type Forced Air, Other, Not Known
Stories Total 2
Size Interior 1,100 - 1,500 Ft2
Type Triplex
Utility Water Municipal Water

Rooms

Level Type Dimensions
Second Level Living Room 3.45 m x 3.15 m
Second Level Kitchen 3.81 m x 2.87 m
Second Level Bedroom 3.23 m x 3.48 m
Main Level Living Room 3.35 m x 4.34 m
Main Level Kitchen 3.45 m x 4.57 m
Main Level Bedroom 2.18 m x 3.48 m
Main Level Living Room 3.66 m x 2.74 m
Main Level Kitchen 2.36 m x 1.93 m

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 95 Ft ,10 In
Size Frontage 23 Ft ,7 In
Size Irregular 23.6 X 95.9 Ft
Size Total Text 23.6 X 95.9 Ft|under 1/2 Acre
Zoning Description R1a

Parking

No Garage

https://www.realtor.ca/real-estate/29252032/220-emerald-street-n-hamilton-landsdale-landsdale

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