203 JOHN STREET N, Hamilton (beasley), ON L8L4P4
203 JOHN STREET N, Hamilton (beasley), ON L8L4P4
203 JOHN STREET N, Hamilton (beasley), ON L8L4P4
203 JOHN STREET N, Hamilton (beasley), ON L8L4P4
203 JOHN STREET N, Hamilton (beasley), ON L8L4P4
203 JOHN STREET N, Hamilton (beasley), ON L8L4P4
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Mark Weiland

Mark Weiland

+1(705) 805-0888
$ 499,000
Est. payment | /mo

5 Beds

3 Baths

1,500 SqFt

Save
$ 499,000
Est. payment | /mo
Save

5 Beds

3 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $332

Subdivision Beasley

MLS® Listing ID X13094994

Bedrooms 5

Property Description

Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 3.2 m X 3.33 m Living room

Extra Room 2 Second level 3.1 m X 2.69 m Kitchen

Extra Room 3 Second level 4.44 m X 2.72 m Primary Bedroom

Extra Room 4 Second level 2.64 m X 3.28 m Bedroom

Extra Room 5 Basement 2.11 m X 3.78 m Utility room

Extra Room 6 Basement 2.69 m X 5.46 m Kitchen

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 1

Garage No

Private Pool No

Building

Story 2.5

Sewer Sanitary sewer

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Mark Weiland

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(705) 805-0888

1markweiland@gmail.com

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203 JOHN STREET N