480 King William St

Hamilton, ON L8L 1R3 (Landsdale)

Quick Facts

Type: Fourplex

Style: 2 1/2 Storey

Size: 1500-2000 Sq Ft

Age: 100+ Years

Taxes: $4,371 (2024)

Updated: 2025-01-27 15:03:09

Description

Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and red

Extras

Property

Status: Sale

MLS #: X11892618

Price: $1,050,000

Address: 480 King William St

Type: Fourplex

Style: 2 1/2 Storey

Size: 1500-2000 Sq Ft

Age: 100+ Years

Front On: S

Taxes: $4,371

Tax Year: 2024

Lot Size: 29 x 109 Feet

Neighbourhood: Landsdale

Nearest Intersection: 403 To Main St West

City: Hamilton

Postal Code: L8L 1R3

DOM: 4 Days

Last Update: 2025-01-27 15:03:09

Building

Interior

Bedrooms: 5

Bathrooms: 4

Rooms: 14

Kitchens: 4

Family Room: Y

Fireplace: N

Basement: Apartment, Fin W/O

Central Vacuum: N

Exterior

Exterior: Brick, Vinyl Siding

Driveway: Front Yard

Garage: None

Garage Spaces: 0

Parking Spaces: 6

Pool: None

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water: Municipal

Sewers: Sewers

Features

Public Transit

School

Rooms

Bathroom

Main

2 x 3

3 Pc Bath 

Prim Bdrm

Main

3 x 5

Kitchen

Main

3 x 5

Living

Main

3 x 4

Bathroom

2nd

2 x 2

3 Pc Bath 

Prim Bdrm

2nd

3 x 3

2nd Br

2nd

3 x 3

Kitchen

2nd

3 x 4

Bathroom

3rd

1 x 3

3 Pc Bath 

Prim Bdrm

3rd

3 x 4

Bathroom

Bsmt

3 x 2

3 Pc Bath 

Prim Bdrm

Bsmt

3 x 5