$649,000 | Gibson/Stipley South Hamilton Triplex for Sale at 11 Holton Avenue S Hamilton

Turn potential into profit with this rare legal vacant triplex! All 3 units are vacant, giving investors a blank slate to secure top market rents with no tenant turnover delays. Offering over 2,700 sq. ft. of living space plus a basement with a separate side entrance and 8 ft ceilings, there’s excellent potential to increased rental income. The second floor is currently set up as individual room rentals with a shared bath and kitchen. Built in 1915, this property blends size and character with updates already in place, including newer flooring, baseboards in some areas, a new roof (2018/2019), 4 newly installed radiators, and a commercial-grade front door. Ideally located near public transit and steps from the city’s planned LRT line, tenant demand will only continue to grow. The home has much of its original charm can be restored to its original beauty, including solid wood doors, detailed trim, and clawfoot tubs. A standout opportunity to create a high-income rental in a prime location. (id:6289)

Gibson/Stipley South Map, Demographics, Characteristics