Great value add opportunity in this legal 12 unit building perfectly situated between the Gibson/Stipley & St.Clair neighbourhoods in lower Central Hamilton steps to the future LRT route. A perfect candidate for the CMHC MLI select energy efficiency program. The building features 6-2 bedroom,1 bathroom & 6-1 bedroom,1 bathroom units with spacious floor plans, unused updated lockers, separate hydro meters & shared coin operated laundry. Newer fire escape, roof and gas boiler. Tons of upside with rents while currently grossing $184,632 annually. $500,000 VTB available. ASSUMABLE 3.25% CMHC MORTGAGE AVAILABLE NOT MATURING UNTIL JUNE/2027! Through renovation, rent increases & additional locker income- this asset can be an anchor property in your portfolio for years to come (id:24093)

"Based on information submitted to CREA as of November 30, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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