16 Strathcona Ave. S.

16 Strathcona Avenue South, Hamilton, ON

  • $1,325,000
  • 6+2 BEDS
  • 4 BATHS
  • 3,500 sq.ft. Home
  • 16 Strathcona Avenue South, Hamilton, ON
  • 6+2 BEDS
  • 4 BATHS
  • 3,500 sq.ft. Home
  • $1,325,000

Key Facts

  • MLS® #: 40111466
  • Property ID: SIRC706772
  • Property Type: Residential, House
  • Style: Traditional
  • Living Space: 3,500 sq.ft.
  • Lot Size: 3,952 sq.ft.
  • Bedrooms: 6+2
  • Bathrooms: 4
  • Approximate Age: 100+
  • Parking Spaces: 4

Property Description

This clean, well-maintained investment property offers significant positive cashflow (Gross of well over $5000/month), with the added benefit of a rare and valuable zoning exception that allows for up to five residential units on the site. Comes with completed architect plans for development of a large addition to the building that could see property income easily triple. Project has broad community support and had conditional site plan approval already in place. Situated on beautiful Strathcona Avenue between Main West and King West, the location and rentability of this property is second to none. This large brick home offers four floors of rental rooms and common washrooms in excellent shape; regularly updated by long-term, hands-on owners. Well-equipped with commercial fire alarm system, basement walk-out and more. This is a great opportunity to purchase a strong cashflow with excellent tenants and a turnkey development project at the same time. Call today for your tour of this exceptional property!

Amenities

  • Air Conditioning
  • Central Air
  • Laundry

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Marketed By

Sotheby’s International Realty Canada
125 Lakeshore Road East, Suite 200
Oakville, Ontario, L6J 1H3

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