Investment opportunity! Located on the outskirts of Hamilton and within a short walk of the City center, this two-story triplex is fully rented and yielding a gross annual ROI of 7.35%.
The upper central apartment offers 885 square feet of living space and features a roomy open-plan combination living/dining/kitchen, entrance foyer/mud room area, two good-sized bedrooms, and a single bathroom; on the lower level are the one-bedroom apartment, which is 364 sq. ft, and the Studio apartment, which is 302 square ft. All are in good condition, and with assessment numbers and ample parking.
The plumbing and electrical have been upgraded, and all units have split air-conditioning and major appliances, including private laundry facilities, upgraded kitchens and bathrooms, and tiled and wood flooring. In addition to the freshwater tank, the property is hooked up to Watlington water.
The property sits on a .086-acre lot and it is zoned Industrial with a residential established use.
To find out more about mortgages through Morston Financial, contact us today at mortgages@morstonfinancial.com or visit our website at morstonfinancial.com
Monthly repayment is an estimate for guidance only. Calculation is based on an interest rate of 7.00%, 30% deposit over a 25 year period.