Realestate

Property Details

1 of 6
$560,000
47 Nightingale Street, Hamilton, ON L8L 1R7
6
2
MLS®X13544482
Property Type
Residential Freehold
Sub Type
Detached
Heating
Forced Air
Cooling
Central Air
Lot Size
113 x 21 Feet
Approx Age
N/A
47 Nightingale Street, Hamilton is an investment property within a portfolio. A four-door property combining a room-based upper unit with a self-contained basement suite, offered at a 5.83% in-place cap rate on current rents. This fully-tenanted property generates $46,200 in gross annual rent and $34,950 NOI/Profit. The basement is operated as a 3-room unit with its own living room, kitchen, and bathroom, sitting below a 3-door upper unit. Three of the four doors are already month-to-month, giving a new owner a clear, near-term path to reset rents to market on standard notice without waiting years for turnover. The room-based configuration plus a separate basement unit allows income to be grown door-by-door rather than all at once. 2-car parking at the rear adds a rentable amenity in a parking-constrained lower-city location, with further upside available by renting the spots separately.
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