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Home ON Greater Hamilton Hamilton Old Hamilton McQuesten West
295 MELVIN Avenue
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295 MELVIN Avenue $4,000,000
3 days ago
$4,000,000
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295 MELVIN Avenue
Hamilton, Ontario L8H2K6

MLS® Number: 40723183
25
Bedrooms
20
Bathrooms
17150
Square Feet

Listing Description

THIS 20 UNIT MULTIPLEX APARTMENT BUILDING PRESENTS A PRIME INVESTMENT OPPORTUNITY, FEATURING 15 ONE-BEDROOM UNITS AND 5, TWO-BEDROOM UNITS. EACH TENANT PAYS THEIR OWN HYDRO, ADDING TO THE INVESTMENT APPEAL. THE BUILDING IS EQUIPPED WITH THERMAL WINDOWS AND IS CONVENIENTLY LOCATED WITHIN WALKING DISTANCE OF SCHOOLS, SHOPPING CENTERS, AND RESTAURANTS, CATERING TO ALL YOUR TENANTS' NEEDS. SITUATED IN A PRIME LOCATION, THIS THREE-STOREY WALK-UP OFFERS SUBSTANTIAL UPSIDE POTENTIAL WITH 12 VACANT UNITS READY FOR RENOVATION. THIS SOLID INVESTMENT PROPERTY ALLOWS FOR REPOSITIONING TO ACHIEVE MARKET RENTS. DON'T MISS OUT ON THIS RARE CHANCE TO MAXIMIZE CASH FLOW AND EQUITY GROWTH! (68963405)

Location Description

Bernard St./Melvin Ave.

Property Summary

Property Type
Multi-family
Storeys
3
Square Footage
17150 sqft
Subdivision Name
233 - McQuesten
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$39,037
Total Parking Spaces
12
Time on REALTOR.ca
3 days

Building

Bathrooms
Total
20
Interior Features
Basement Type
None
Building Features
Features
Laundry- Coin operated
Foundation Type
Block
Total Units
20
Heating & Cooling
Cooling
None
Heating Type
Radiant heat
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Place of Worship, Public Transit, Schools, Shopping
Parking
Total Parking Spaces
12

Measurements

Square Footage
17150 sqft
Above Grade Finished
17150 sqft
Source: Other

Land

Lot Features
Frontage
70 ft
Land Depth
245 ft
Other Property Information
Zoning Description
E
Data provided by: Cornerstone - Hamilton-Burlington 505 York Boulevard, Hamilton, Ontario L8R 3K4

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