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Listing Presented by MARGARET VAIL, Sales Representative with Garden City Realty Inc., Brokerage St.Catharines  (905) 323-7048
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Contact:MARGARET VAIL, Sales Representative
Garden City Realty Inc., Brokerage St.Catharines
Direct Line:(905) 323-7048
Mobile:(905) 401-7707
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MLS®#: 40670937 $1,800,000 172 Markland Street Hamilton ON L8P 2K5
Active
Description: Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12?x15? accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly?purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request.
Directions: AT N/E Corner of Markland & Hess St. South
Property Type:
Residential Income
Property Sub-Type:
Multi-6-9 Unit
Area:
12 - Hamilton West
Square Feet:
4165
Age:
0
Basement:
Partial, Partially Finished
Neighborhood:
124 - Durand South
County:
Hamilton
Lot Dimensions:
74 x 56.29
Taxes:
$10,034.00
Tax Year:
2023
Total Units:
7
Cooling:
Other
Exterior:
Stucco, Wood Siding, Other
Heat:
Natural Gas
Roof:
Other
Sewer:
Sewer (Municipal)
Water:
Municipal
Zoning:
D


Financing:
Taxes:
$10,034.00

FEATURES: Basement
Listing Provided By:
List Office: RE/MAX GARDEN CITY REALTY INC, BROKERAGE