521 Barton Street E, Hamilton, Ontario L8L 2Y9

Listed for:
$805,000
6 beds
2 baths
Listed 21 days ago
House for rent: 521 Barton Street E, Hamilton, Ontario L8L 2Y9

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About

Cross Streets: Barton St E & Wentworth St N. ** Directions: Intersection of Barton & Sanford. 521 Barton Street E Hamilton is an investment property. Corner-lot duplex with a renovated 2-bedroom main-floor unit (re-renting at $1,800 + hydro) and a four-room upper unit sharing kitchen and bath. Two hydro meters. Unfinished basement with development potential. Growth opportunity: A corner-lot property with genuine value-add upside in addition to in-place income. The main-floor 2-bedroom unit is freshly renovated and stabilizing at $1,800 + hydro, while four month-to-month rooms above allow rents to be reset to market. The unfinished basement is counted as a sixth door and is currently vacant: finishing and leasing it adds a new income stream immediately, and the corner-lot position offers a further, longer-term path to add density and value. Net operating income: $44,158, Doors: 6 (5 occupied / 83%) Configuration: Renovated 2-bed main floor + 4-room upper unit + unfinished basement (6th door, vacant)Metering: Two hydro meters (id:27476)

Property Highlights

MLS® Number
X13522496
Type
Single Family
Community Name
Gibson
Ownership Type
Freehold
Land Size
26.3 x 102 FT

Building

Building Type
House
Storeys
2.00
Square Footage
1500 - 2000 sqft
Bathrooms Total
2
Bedrooms Above Ground
6
Bedrooms Total
6
Exterior Finish
Brick Veneer
Fireplace Present
No
Basement Type
N/A (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
EXP REALTY
MLS® number:
X13522496
Agent:
Mina Bishay
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Street Spotlight - For sale