ON > Hamilton
Hamilton, ON L8P 2K5,172 Markland ST
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Hamilton, ON L8P 2K5,172 Markland ST
Hamilton, ON L8P 2K5,172 Markland ST
Hamilton, ON L8P 2K5,172 Markland ST
Hamilton, ON L8P 2K5,172 Markland ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 1,800,000
Est. payment /mo
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172 Markland ST Hamilton, ON L8P 2K5

8 Beds

6 Baths

UPDATED:

11/27/2024 04:28 PM

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID X9769043

Style 2-Storey

Bedrooms 8

Annual Tax Amount $10,034

Tax Year 2023

Property Description

Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12x15 accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request.

Location

Province ON

County Hamilton

Community Durand

Area Hamilton

Region Durand

City Region Durand

Rooms

Family Room No

Basement Partial Basement, Partially Finished

Kitchen 6

Interior

Interior Features Other

Cooling Other

Fireplace No

Heat Source Gas

Exterior

Parking Features Mutual

Garage Spaces 2.0

Pool None

Roof Type Other

Total Parking Spaces 2

Building

Foundation Stone

Listed by RE/MAX GARDEN CITY REALTY INC.
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172 Markland ST