INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 9th room. The possibilities are endless with this one!
Address
171 Stone Church Road E
List Price
$1,199,900
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Area
Hamilton
Sub-Area
Jerome
County
Hamilton
Bedrooms
16
Bathrooms
4
Floor Area
2000 - 2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
123.8
Lot Size Units
Acres
Lot Width
60
MLS® Number
X12061198
Listing Brokerage
REVEL REALTY INC.
Basement Area
Separate Entrance, Finished
Postal Code
L9B 1A8
Parking Places (Total)
6
Tax Amount
$3,302.00
Tax Year
2025
Interior Features
Water Heater, In-Law Capability
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Brick
Direction Faces
South
Foundation Details
Concrete Block
Garage Type
Attached
Kitchens Total
1
Pool Features
None
Roof
Asphalt Shingle
Sewer
Sewer