$1,199,900
Available - For Sale
Listing ID: X12061198
171 Stone Church Road East , Hamilton, L9B 1A8, Hamilton


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!
Price $1,199,900
Taxes: $3302.00
Occupancy by: Tenant
Address: 171 Stone Church Road East , Hamilton, L9B 1A8, Hamilton
Directions/Cross Streets: Upper Wellington Strete
Rooms: 21
Bedrooms: 16
Bedrooms +: 0
Family Room: F
Basement: Separate Ent, Finished
Washroom Type No. of Pieces Level
Washroom Type 1 9
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Total Area: 0.00
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Garage Type: Attached
Drive Parking Spaces: 6
Pool: None
Approximatly Square Footage: 2000-2500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $59,995 $119,990 $179,985 $239,980
First Mortgage $1,139,905 $1,079,910 $1,019,915 $959,920
CMHC/GE $45,596.2 $33,477.21 $28,557.62 $0
Total Financing $1,185,501.2 $1,113,387.21 $1,048,472.62 $959,920
Monthly P&I $5,850.23 $5,494.36 $5,174.02 $4,737.03
Expenses $0 $0 $0 $0
Total Payment $5,850.23 $5,494.36 $5,174.02 $4,737.03
Income Required $219,383.78 $206,038.67 $194,025.85 $177,638.69

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$2,960.64
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REVEL REALTY INC.
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Sharon Soltanian
Broker Of Record
Dir:
416-892-0188
Bus:
416-901-8881
 
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At a Glance:
Type: Freehold - Detached
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Jerome
Style: 2-Storey
Lot Size: x 123.80(Acres)
Approximate Age:
Tax: $3,302
Maintenance Fee: $0
Beds: 16
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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