Homes for sale - 480 King William Street, Hamilton, ON L8L 1R3

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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

$1,050,000

Est. payment - /mo

5 Beds

4 Baths

1,816 SqFt

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UPDATED:

01/14/2025 06:29 PM

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

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Listed by Royal LePage Signature Realty

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

480 King William Street Hamilton, ON L8L 1R3

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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480 King William Street