40
See all 40 photos
$1,199,900
Est. payment /mo
16 Beds
4 Baths
New
171 Stone Church RD E Hamilton, ON L9B 1A8
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Jerome
MLS Listing ID X12061198
Style 2-Storey
Bedrooms 16
Annual Tax Amount $3,302
Tax Year 2025
Property Sub-Type Detached
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. 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 very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 9th room. The possibilities are endless with this one!
Location
Province ON
County Hamilton
Community Jerome
Area Hamilton
Rooms
Family Room No
Basement Separate Entrance, Finished
Kitchen 1
Interior
Interior Features Water Heater, In-Law Capability
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 3.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 123.8
Total Parking Spaces 6
Building
Foundation Concrete Block
Listed by REVEL REALTY INC.