260 Prospect St S

260 Prospect St S
260 Prospect St S
260 Prospect St S
+7
3+1
 bed
2
 bath
4
 parking
1100 - 1500
 sqft
For Sale
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42 days
 on site
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$697,000
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Size
-
Lot size
464.52 sqm
Street frontage
W
Possession
TBA
Price per sqm
$5,014 - $6,833
Taxes
$3,922 (2023)
Parking Type
Detached Garage
Style
2-Storey
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Description
Legal duplex!!! Calling all investors looking for opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighborhood. This property is fully leased, collecting approximate $41,000 annually with an NOI of $31,700 offering a compelling ROI, boasting a cap rate around 4.2%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can live in one unit while collecting rent thereby reducing their monthly expenses between $1,500 to $2,000/m. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.

EXTRAS:
Broker: HARVEY KALLES REAL ESTATE LTD.
MLS®#: X8152754
Property details
Parking:
4
Parking type:
Detached Garage
Property type:
Duplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
102-139 sqm
Lot front:
15.24 M
Lot depth:
30.48 M
Listed on:
Mar 19, 2024
Show all details
Rooms
LevelNameSizeFeatures
Flat
Living
1.0 x 1.1 m
Flat
Br
0.9 x 0.9 m
Flat
2nd Br
0.8 x 1.1 m
Flat
Kitchen
1.0 x 1.1 m
Flat
Dining
0.9 x 1.2 m
Flat
Living
1.2 x 1.6 m
Flat
Br
1.0 x 1.1 m
Flat
Br
1.0 x 0.9 m
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Chris Craddock
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: X8152754
Listed by HARVEY KALLES REAL ESTATE LTD.

About 260 Prospect St S

260 Prospect St S is a Hamilton duplex for sale right off Cumberland Avenue. It has been listed at $697000 since March 2024. This 1100-1500 sqft duplex has 3+1 beds and 2 bathrooms.

Recommended nearby places to eat around 260 Prospect St S, Hamilton City are Saha, Golden Tenders and Taste of Poland. If you can't start your day without caffeine fear not, your nearby choices include Tim Hortons. Groceries can be found at Coven Market which is a 5-minute walk and you'll find 700 Main Pharmacy an 8-minute walk as well. If you're an outdoor lover, duplex residents of 260 Prospect St S, Hamilton City are only a 7 minute walk from Gage Park, East Kiwanis Place and Pier 4 Park.

Getting around the area will require a vehicle, as there are no nearby transit stops.