480 King William Street Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8L 1R3
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,816 sqft
Price per Sqft $578
MLS Listing ID 40685255
Bedrooms 5
Abv Grd Liv Area 2,382
Originating Board Hamilton - Burlington
Annual Tax Amount $4,371
Property Description
Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for.
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning R1A
Direction 403 To Main St West Exit, East to Wentworth St S, South on Wentworth St S, West (Right) on King St E, North on Ashley, east on King William, parking out front and in rear laneway
Rooms
Basement Full,Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Appliance Hot Water Tank Owned,Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Parking Features Asphalt,Gravel
Roof Type Asphalt Shing
Porch Deck,Porch
Lot Frontage 28.58
Lot Depth 108.5
Garage No
Building
Lot Description Rectangular,Paved,Public Transit,Schools
Faces 403 To Main St West Exit, East to Wentworth St S, South on Wentworth St S, West (Right) on King St E, North on Ashley, east on King William, parking out front and in rear laneway
Story 2.5
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2.5
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 171800115
Ownership Freehold/None