145 Victoria Avenue S, Hamilton

  • Bedrooms: 14
  • Bathrooms: 8
  • Living area: 7460 square feet
  • Added: 13 hours ago
  • Updated: 12 hours ago
  • Last Checked: 5 hours ago
Rarely offered purpose-built legal 8-unit investment property in the highly sought-after Stinson neighborhood! This low-maintenance, 3-storey walk-up features separate hydro meters, 8 parking spaces, and spacious 700+sf units occupied by A+ tenants. The building boasts a fantastic suite mix of 6 x 2-bedroom units and 2 x 1-bedroom units, with durable brick and concrete construction and classic terrazzo floors. Gross income of $157,000m, potential to reach $189,000. This turnkey 8-Unit Building has been well cared for with significant capital expenditures. Updates including Heat Pumps and In-Suite Laundry (4/8 units), Parapet Wall Capping (2020), Fire Systems (2021), and more. Coin laundry onsite. Situated at the edge of the escarpment, this premium location is minutes from the Hamilton GO Centre, Hamilton General Hospital, transit stops, and all the amenities of downtown Hamilton, making it a prime choice for tenants. Don’t miss this exceptional investment opportunity with strong cash flow and long-term upside. (id:1945)
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Property DetailsKey information about 145 Victoria Avenue S

  • Cooling: Wall unit, Ductless
  • Heating: Natural gas
  • Stories: 3
  • Exterior Features: Brick
  • Foundation Details: Block
  • Type: Purpose-built legal 8-unit investment property
  • Total Units: 8
  • Unit Mix: 2-bedroom units: 6, 1-bedroom units: 2
  • Building Style: 3-storey walk-up
  • Construction: Brick and concrete
  • Size Of Units: 700+ square feet
  • Parking Spaces: 8

Interior FeaturesDiscover the interior design and amenities

  • Basement: None
  • Living Area: 7460
  • Bedrooms Total: 14
  • Above Grade Finished Area: 5595
  • Below Grade Finished Area: 1865
  • Above Grade Finished Area Units: square feet
  • Below Grade Finished Area Units: square feet
  • Above Grade Finished Area Source: Other
  • Below Grade Finished Area Source: Other
  • Tenants: A+ tenants
  • Flooring: Classic terrazzo floors
  • In Suite Laundry: Available in 4 out of 8 units

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 145 Victoria Avenue S

  • Lot Features: Laundry- Coin operated
  • Water Source: Municipal water
  • Parking Total: 8
  • Maintenance: Low-maintenance
  • Exterior Updates: Parapet Wall Capping: 2020, Fire Systems: 2021

Location & CommunityUnderstand the neighborhood and community

  • Directions: Charlton Ave E to Victoria Ave S
  • Common Interest: Freehold
  • Street Dir Suffix: South
  • Subdivision Name: 143 - Stinson
  • Community Features: Community Centre
  • Neighborhood: Stinson
  • Proximity: Hamilton GO Centre: Minutes away, Hamilton General Hospital: Minutes away, Transit Stops: Minutes away, Downtown Hamilton Amenities: Close proximity

Business & Leasing InformationCheck business and leasing options available at 145 Victoria Avenue S

  • Gross Income: $157,000
  • Potential Income: $189,000
  • Turnkey Status: Yes

Property Management & AssociationFind out management and association details

  • Management: Well cared for with significant capital expenditures

Utilities & SystemsReview utilities and system installations

  • Sewer: Municipal sewage system
  • Hydro Meters: Separate for each unit
  • Heat Pumps: Updated
  • Coin Laundry: Onsite

Tax & Legal InformationGet tax and legal details applicable to 145 Victoria Avenue S

  • Tax Annual Amount: 18250
  • Zoning Description: E
  • Legal Status: Purpose-built legal investment property

Additional FeaturesExplore extra features and benefits

  • Number Of Units Total: 8
  • Cash Flow: Strong
  • Long Term Upside: High potential for growth
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More Details?
Jake Novis
  • Jake Novis
  • Keller Williams Signature Realty, Brokerage
  • 226-921-8881

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