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.

Features
: Forced Air
: Central Air
: N
: Apartment
Address Map
CA
Ontario
Hamilton
L8L 1R3
King William
480
0
E0° 0' 0''
N0° 0' 0''
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ROYAL LEPAGE SIGNATURE REALTY
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2024-12-13 20:02:08.0
2024-12-13 19:46:52.0
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Fourplex For Sale

480 King William St, Hamilton, Ontario L8L 1R3

  • Visits : 1 in 5 days
$1,100,000
Listing ID#X11892618
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Basic Details
Property Type : Fourplex
Listing Type : For Sale
Listing ID : X11892618
Price : $1,100,000
Year Built : 0
Lot Size : 108.50 x 28.58 Feet
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Firas Al-Rifay
Ontario Real Estate @JDF Realty.LTD Brokerage
Ontario Real Estate @JDF Realty.LTD Brokerage
999 Edgeley Blvd. Units 5-6 Vaughan, Ontario, Canada L4K 4R7
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