74 Locke Street North

Hamilton, ONMulti-family
$1,099,000
MLS® X13824728
Multi-family8 beds8 baths5 total
74 Locke Street North, Hamilton, ON photo 1
74 Locke Street North, Hamilton, ON photo 2
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About This Property

Excellent investment opportunity in a prime central Hamilton location. Situated on a prominent corner lot at Locke St N and Peter St, this 3-storey multi-residential property features 8 self-contained residential units consisting of 4 two-bedroom and 4 one-bedroom units, each with separate hydro meters. Offering approximately 4,220 sq ft of living space, 5 parking spaces, coin-operated laundry, boiler heating system and additional basement space. Fully tenanted with established rental income and significant future upside as tenancies turn over. Conveniently located minutes from Victoria Park, Bayfront Park, West Harbour GO, public transit, downtown Hamilton and the shops and restaurants of Locke Street. An opportunity for investors to acquire an established income-producing property in one of Hamilton's most convenient and desirable central locations. Property being sold under Power of Sale on an "as is, where is" basis. (id:63604)

Key Facts

Type
Multi-family
Beds
8
Baths
8
Size
3,500 sqft
Lot
54.3 x 82.5 FT
Parking
5 total

Highlights

  • Refrigerator
  • Stove
Property Details 14 details
Bedrooms
8 bedrooms
8 above grade
Bathrooms
8 bathrooms
Parking
5 parking spaces
No Garage
Living area
3,500 - 5,000 sq. ft.
Property
Multi-family
Property subtype
Multi-family
Structure type
Other
Storeys
2
Basement
Unfinished, Partial
Heating
Radiant heat, Natural gas
Fireplace
No
Lot dimensions
54.3 x 82.5 FT
Frontage
54.30 feet
Taxes
$17,532.00
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

RefrigeratorStove

Exterior features

Aluminum sidingBrick Facing

Lot and water

Lane
Mortgage & Affordability Estimate monthly costs
Purchase price$1,099,000
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
Strathcona
City
Hamilton
Postal code
L8R 3A5
Nearby
Locke St N