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27
$1,049,000 Sale
Listed 7 days ago
158 HUNTER Street E
· 3
· 5.0
· 0
· 2385
Key Facts
Key facts for 158 HUNTER Street E
Property Type
Apartment
Parking
Garage: No, 0 parking
MLS #
40869261
Size
2385 sqft
Basement
Unfinished, Full (Unfinished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1885
Maintenance Fee
-
Description
$90,840 GROSS ANNUAL RENT | $71,929 NET INCOME | 6.86% CAP RATE AT CURRENT LIST PRICE. A compelling opportunity for investors seeking strong cash flow without taking on a major renovation project. Configured & operated as four self-contained rental suites, the property has undergone extensive upgrad...es, including: new roof & eaves, furnace & A/C, sewer line to the City, updated copper water line, backwater valve, 200-amp electrical service with separated panels, updated plumbing, windows, HVAC distribution, foundation restoration, exterior grading correction, and significant interior renovations. City inspected during permitted renovations for compliance with fire/life-safety upgrades consistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately 2,385 sq ft (MPAC), with in-suite laundry throughout, updated kitchens & bathrooms, and excellent tenant appeal. Located in Corktown steps from Hamilton GO Centre, St. Joseph's Healthcare, parks, the rail trail, Augusta Street restaurants, and downtown. Full income and expense breakdown available. (id:10452)
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Listing courtesy of: Real Broker Ontario Ltd.
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