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St. Clair, Hamilton
$964,900
Turnkey 4-unit investment property on a generous double lot, fully tenanted at market rents. With non-smoking, pet-free tenants already in place, this solid brick property provides immediate income with added long-term upside. Units 2 and 3 feature recently installed heat pumps providing efficient heating and air conditioning, each connected to the unit's own hydro meter. A finished laundry room with coin-operated laundry adds further convenience and income potential. Outside, the rare double lot offers a large yard, paved double driveway and detached garage at the end of the long driveway, which could be rented as-is for additional income or explored for future ADU potential. There may also be future severance potential, offering even more possibilities for the property. Located in a quiet, family-friendly neighbourhood just a short walk from the proposed LRT stop, this property combines strong existing income, and exciting long-term investment potential.
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | 100+ |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,244 |
| Lot Size | 52.36 ft x 127.17 ft |
| mls© Number | X13869528 |
| Listed By | Real Broker Ontario Ltd. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,939
- Property tax
- $520
- Heat allowance
- $150
- Housing costs
- $5,609 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$173,000
gross annual household income
- Payment at 4%
- $4,060 / mo
- Cash down
- $192,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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