$490,000
97 Emerald Street N, Hamilton, ON L8L 5K5


Hamilton, ON L8L 1R7
6 Bed · 2 Bath · Detached
MLS #X13544482
Listed Price
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.
Bedrooms
6
Bathrooms
2
Square Feet
1100-1500 sqft
Property Type
Detached
Your Agent
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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47 Nightingale Street, Hamilton, ON L8L 1R7 is a 6-bedroom, 2-bathroom 2 1/2 storey detached with approximately 1100-1500 square feet of living space, situated on a 21 113 foot lot. This property is currently for sale at $560,000. The home features a none garage and a partial basement basement.
This home is located in Landsdale, part of Hamilton in the Hamilton area. Explore more homes for sale and recently sold properties in this neighbourhood.
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