samuel Ajuronu Okafor, Sales Representative

$1,250,800

Available - For Sale

Listing ID: X12020886

171 Stone Church Rd East , Hamilton, L9B 1A8, Ontario

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 & 19th room!

Price	$1,250,800
Taxes:	$3302.00
Assessment:	$390000
Assessment Year:	2025
Address:	171 Stone Church Rd East , Hamilton, L9B 1A8, Ontario
Lot Size:	60.00 x 123.80 (Acres)
Directions/Cross Streets:	Upper Wellington Strete

Rooms:	21
Bedrooms:	16
Bedrooms +:
Kitchens:	1
Family Room:	N
Basement:	Finished, Sep Entrance

Washroom Type

No. of Pieces

Level

Washroom Type 1

Property Type:	Detached
Style:	2-Storey
Exterior:	Brick
Garage Type:	Attached
Drive Parking Spaces:	6
Pool:	None

Fireplace/Stove:	N
Heat Source:	Gas
Heat Type:	Radiant
Central Air Conditioning:	None
Central Vac:	N
Sewers:	Sewers
Water:	Municipal

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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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Samuel Okafor

Sales Representative

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At a Glance:

Type:	Freehold - Detached
Area:	Hamilton
Municipality:	Hamilton
Neighbourhood:	Jerome
Style:	2-Storey
Lot Size:	60.00 x 123.80(Acres)
Approximate Age:
Tax:	$3,302
Maintenance Fee:	$0
Beds:	16
Baths:	4
Garage:	0
Fireplace:	N
Air Conditioning:
Pool:	None