63 Melrose Avenue South

Hamilton, ONMulti-family
$649,900
MLS® X13769078
Multi-family6 beds4 baths3 total
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About This Property

An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, updated and Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. Looking for even more upside? The property also offers potential to create a third unit with separate side entrance, providing an exciting opportunity to further increase revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown.A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future! (id:63604)

Key Facts

Type
Multi-family
Beds
6
Baths
4
Size
2,500 sqft
Lot
40 x 120 FT
Parking
3 total

Highlights

  • Washer
  • Dishwasher
  • Dryer
  • Two stoves
  • Water Heater
  • Two Refrigerators
Property Details 16 details
Bedrooms
6 bedrooms
6 above grade
Bathrooms
4 bathrooms
Parking
3 parking spaces
Detached Garage · Garage
Living area
2,500 - 3,000 sq. ft.
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Duplex
Attached status
Attached
Storeys
2.50
Basement
Partially finished, Full
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
1 fireplace
Lot dimensions
40 x 120 FT
Frontage
40 feet
Taxes
$4,765.14
Zoning
C
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

WasherDishwasherDryerTwo stovesWater HeaterTwo Refrigerators

Exterior features

BrickBlock
Rooms 13 rooms
Level
Room
Dimensions
Ground level
Living room
3.96 m x 3.48 m
Second level
Bedroom
3.72 m x 0.28 m
Third level
Bedroom 2
4.94 m x 4.76 m
Third level
Bedroom 3
3.66 m x 2.53 m
Ground level
Kitchen
5.09 m x 3.44 m
Ground level
Dining room
3.39 m x 3.99 m
Ground level
Bedroom
2.16 m x 3.4 m
Basement
Bedroom 2
4.05 m x 3.05 m
Basement
Bedroom 3
2.74 m x 5.06 m
Basement
Recreational, Games room
7.16 m x 3.48 m
Second level
Kitchen
2.74 m x 3.29 m
Second level
Living room
3.29 m x 3.29 m
Second level
Dining room
3.99 m x 3.23 m

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Purchase price$649,900
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Stipley
City
Hamilton
Postal code
L8M 2Y4
Nearby
Melrose and Dunsmure Road
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