171 Stone Church Road E, Hamilton, ON L9B 1A8 (MLS # X12061198)
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INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 9th room. The possibilities are endless with this one!
| DAYS ON MARKET | 8 | LAST UPDATED | 4/3/2025 |
|---|---|---|---|
| TRACT | Jerome | YEAR BUILT | 0 |
| COMMUNITY | Jerome | GARAGE SPACES | 3.0 |
| COUNTY | Hamilton | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | Finished, Yes |
| CONSTRUCTION | Brick |
| GARAGE | Attached Garage, Yes |
| HEAT | Natural Gas, Radiant |
| LOT | 7405 sq ft |
| LOT DIMENSIONS | 60.0x123.8 |
| PARKING | Attached |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | 2 Levels |
| SUBDIVISION | Jerome |
| TAXES | 3302 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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