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125 SANFORD AVENUE N
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125 SANFORD AVENUE N $759,900
$759,900
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125 SANFORD AVENUE N
Hamilton (Gibson), Ontario L8L5Z4

MLS® Number: X12517690
7
Bedrooms
3
Bathrooms
2000 - 2500
Square Feet

Listing Description

Investment opportunity with CAP rate of 6.5%! This cash-positive certified legal duplex with a third unit generated $5,939 per month, or $71,268 gross annually in 2024. 2025 income/expense will almost be identical to 2024. This well maintained investment property features 2 hydro meters complete with two 100 amp breaker panels, 3 rear parking spots, a furnace installed in 2022(10 year transferable warranty), tankless rental hot water heater 2023, and a flat roof redone in 2022. The dry basement, offers separate side entrance, includes coin-operated laundry with average 50 per month revenue and ample storage space and optional fourth rental unit addition to boost your income/property value. A major renovation, completed with permits, included updates to copper wiring, copper plumbing, ABS drain system, windows and drywall construction. All units are rented with leases in place. Ultra low vacancy rate(1%) over past 12 years. This smoke-free and pet-free property is an exceptional investment opportunity with a positive cash flow. Private/Self represented buyers are also welcome. (41593934)

Location Description

Barton & Sanford

Property Summary

Property Type
Multi-family
Building Type
Duplex
Storeys
2.5
Square Footage
2000 - 2500 sqft
Community Name
Gibson
Land Size
26 x 94 FT|under 1/2 acre
Age Of Building
100+ years
Annual Property Taxes
$3,099.07
Parking Type
No Garage
Time on REALTOR.ca
40 days

Building

Bedrooms
Above Grade
7
Bathrooms
Total
3
Interior Features
Appliances Included
Range, Water Heater - Tankless, Water Heater, Water meter, Dryer, Microwave, Alarm System, Stove, Washer, Refrigerator
Basement Features
Separate entrance
Basement Type
Full
Building Features
Features
Lane, In-Law Suite
Foundation Type
Stone
Fire Protection
Smoke Detectors
Building Amenities
Separate Electricity Meters
Rental Equipment
Water Heater
Heating & Cooling
Cooling
Window air conditioner
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit, Schools
Parking
Parking Type
No Garage
Total Parking Spaces
4

Measurements

Square Footage
2000 - 2500 sqft

Rooms

MetricImperial
Main level
Kitchen
Bedroom
Bedroom 2
Bedroom 3
Second level
Bedroom 4
Bedroom 5
Bedroom
Kitchen
Third level
Family room
Kitchen

Land

Lot Features
Frontage
26 ft
Land Depth
94 ft
Other Property Information
Zoning Description
D
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416-508-9929
REALTOR® Website
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NEW ERA REAL ESTATE
Brokerage
171 LAKESHORE RD E #14
MISSISSAUGA, Ontario L5G4T9
416-508-9929
Office Website

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