102 ROSSLYN AVENUE N, Hamilton (Crown Point), Ontario, L8L7P4
This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 102 Rosslyn Avenue N, Hamilton is a five-door rooming house with a self-contained basement unit, offered at a 6.10% in-place cap rate on current rents. This property generates $54,660 in gross annual rent and $41,460 NOI, with one door currently vacant and ready for immediate lease-up. The upper floors offer four main rooms, one with a private bath, above a separate 2-room basement unit with its own layout. Recent capital upgrades - a new water heater and furnace, in-suite washer and dryer, and central heat and A/C - mean minimal near-term capital outlay for a new owner, and 2-car parking adds a rentable amenity. Four of the five upstairs doors are already month-to-month, giving a new owner substantial room to reset rents to market across the upper unit on standard notice. The separate basement unit is currently vacant and available for immediate lease-up at an asking rent of $1,350/month, adding a distinct income stream that can be repositioned independently of the rest of the property. (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-745-4321
- 705-745-4324
- john@mcconkeyrealestate.com
- Property Address: 102 ROSSLYN AVENUE N, Hamilton (Crown Point), Ontario, L8L7P4
- Community Name: Crown Point
- Property Type: Single Family
- Title: Freehold
- Lot Size: 20 x 100 FT
- Acreage: 20 x 100 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 2
- Structure Style: House
- Style: Detached
- Storeys: 2.5
- Floor Space: 1100 - 1500 sqft
- Bedrooms: 4
- Bathrooms: 3-Total
- Basement Type: N/A (Finished)
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Brick
- Foundation Type: Unknown
Listing Office: EXP REALTY
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