13 Westinghouse Ave

Hamilton, ON L8L 6E4 (Gibson)

Quick Facts

Type: Multiplex

Style: 3-Storey

Size: 3000-3500 Sq Ft

Age: 100+ Years

Taxes: $4,727 (2024)

Updated: 2025-03-07 09:56:48

Description

Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don\'t miss the chance to add a strong asset to your portfolio in Hamilton\'s thriving Gibson neighborhood. Appraised for $975k in Aug 2024. Financials available upon request.

Extras

Property

Status: Sale

MLS #: X11997323

Price: $875,000

Address: 13 Westinghouse Ave

Type: Multiplex

Style: 3-Storey

Size: 3000-3500 Sq Ft

Age: 100+ Years

Front On: W

Taxes: $4,727

Tax Year: 2024

Lot Size: 26 x 102 Feet

Neighbourhood: Gibson

Nearest Intersection: Westinghouse / Barton St E

City: Hamilton

Postal Code: L8L 6E4

DOM: 5 Days

Last Update: 2025-03-07 09:56:48

Building

Interior

Bedrooms: 9

Bathrooms: 6

Rooms: 22

Kitchens: 6

Family Room: N

Fireplace: N

Basement: None,

Central Vacuum: N

Exterior

Exterior: Brick,

Driveway: Available

Garage: None

Garage Spaces: 0

Parking Spaces: 4

Pool: None

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Wall Unit

Water: Municipal

Sewers: Sewers

Features

Hospital

Park

Public Transit

Rooms