164 Wentworth ST S Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8N 2Z2
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $269
Subdivision Stinson
MLS Listing ID X12394372
Annual Tax Amount $5,030
Tax Year 2025
Property Sub-Type Investment
Property Description
PROPERTY OVERVIEW: Solid, well-cared-for legal triplex with three self-contained units above ground in a fourplex-zoned area. High cashflow (see attachment), with easy conversion potential to a legal fourplex. Two of the three units are renovated. All three units are rented and paying market rents and cover utilities cost(providing a built-in inflation hedge). Excellent reliable tenants in all three units. House has character, natural light, green outdoor spaces, and ample parking in both front and rear. Suits multi-generational living. ***KEY PROPERTY DETAILS: Unit 1 (main floor): large 3-bedroom unit with basement, private fenced backyard, and shed. Unit 2 (2nd floor): 1-bedroom unit with spacious kitchen. Unit 3 (2nd floor): 2-bedroom unit with open-concept kitchen. Unit 2 & 3 share an additional semi-private backyard. All units have en-suite washer/dryers. 200 AMP service with 3 hydro meters. Additional outdoor staircase to 2nd floor. ***ADDITIONAL INCOME POTENTIAL: Unit 1 offers long-term stability today with future potential to enhance long-term value through modernization & conversion to 2 self-contained apartments (R1a zoning permits fourplexes; see attachment for details). Additional income potential: basement with existing separate entrance, large unused attic with high ceilings. ***LOCATION: Prime location in a family neighborhood, steps to hiking/biking on the Bruce Trail (Escarpment Rail Trail) and stairs to Mountain. Great transit options: Wentworth/Stinson/Main Street buses, Hamilton GO Station, easy access to Mountain & highways, direct bus route to McMaster University. Adjacent to the sought-after Stinson School Lofts and Grant Street. Strong rental demand, especially with Masters & PhD students and medical professionals. Near schools, grocery stores, hospitals, restaurants, cafes. ***FINANCIALS & CAPEX: See verifiable financial info, recent capital upgrades, and other info in attachment.
Location
Province ON
County Hamilton
Community Stinson
Area Hamilton
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes