ON > Hamilton > Gibson
Hamilton, ON L8L 5Z4,125 Sanford AVE N
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Hamilton, ON L8L 5Z4,125 Sanford AVE N
Hamilton, ON L8L 5Z4,125 Sanford AVE N
Hamilton, ON L8L 5Z4,125 Sanford AVE N
Hamilton, ON L8L 5Z4,125 Sanford AVE N
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Duncan Harvey

Duncan Harvey

+1(905) 510-5995
$ 759,900
Est. payment /mo
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Active

125 Sanford AVE N Hamilton, ON L8L 5Z4

7 Beds

3 Baths

UPDATED:

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

Listed by NEW ERA REAL ESTATE
Duncan Harvey

Duncan Harvey

Broker | Branch Partner

+1(905) 510-5995

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125 Sanford AVE N