125 Sanford AVE N Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8L 5Z4
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Gibson
MLS Listing ID X12517690
Style 2 1/2 Storey
Bedrooms 7
Annual Tax Amount $3,099
Tax Year 2025
Property Sub-Type Duplex
Property Description
Investment opportunity with CAP rate of 6.5%! This cash-positive certified legal duplex with a third unit generated $5,939 per month, or $71,268 gross annually in 2024. 2025 income/expense will almost be identical to 2024. This well maintained investment property features 2 hydro meters complete with two 100 amp breaker panels, 3 rear parking spots, a furnace installed in 2022(10 year transferable warranty), tankless rental hot water heater 2023, and a flat roof redone in 2022. The dry basement, offers separate side entrance, includes coin-operated laundry with average 50 per month revenue and ample storage space and optional fourth rental unit addition to boost your income/property value. A major renovation, completed with permits, included updates to copper wiring, copper plumbing, ABS drain system, windows and drywall construction. All units are rented with leases in place. Ultra low vacancy rate(1%) over past 12 years. This smoke-free and pet-free property is an exceptional investment opportunity with a positive cash flow. Private/Self represented buyers are also welcome.
Location
Province ON
County Hamilton
Community Gibson
Area Hamilton
Rooms
Family Room Yes
Basement Separate Entrance,Full
Kitchen 3
Interior
Interior Features Accessory Apartment,Countertop Range,In-Law Suite,On Demand Water Heater,Separate Hydro Meter,Storage,Storage Area Lockers,Water Heater,Water Meter
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Year Round Living
Parking Features Available,Lane,Mutual,Other,Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 26.0
Lot Depth 94.0
Total Parking Spaces 4
Building
Building Age 100+
Unit Features Hospital,Park,Place Of Worship,Public Transit,School,School Bus Route
Foundation Stone
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN Yes