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$ 499,000
Est. payment /mo
New
203 John ST N Hamilton, ON L8L 4P4
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Beasley
MLS Listing ID X13094994
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $3,525
Tax Year 2025
Property Sub-Type Duplex
Property Description
Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Apartment, Finished, Separate Entrance
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter, Water Heater, Water Meter
Cooling Central Air
Exterior
Exterior Feature Patio, Porch
Parking Features Lane
Pool None
Roof Type Asphalt Shingle
Lot Frontage 16.33
Lot Depth 80.9
Total Parking Spaces 1
Building
Building Age 100+
Foundation Unknown
Others
Senior Community No
ParcelsYN No
Listed by PRIME REAL ESTATE BROKERAGE