16 Rutherford Avenue, Hamilton, ON L8M 1Y4
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Ruthann Brown

Ruthann Brown

+1(705) 641-0085
Listed by Vali Mikho • Homelife Professionals Realty Inc.
$ 679,990
Est. payment /mo
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16 Rutherford Avenue Hamilton, ON L8M 1Y4

4 Beds

4 Baths

2,226 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,226 sqft

Price per Sqft $305

MLS Listing ID 40871273

Bedrooms 4

Abv Grd Liv Area 3,107

Annual Tax Amount $4,422

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

Four self-contained units with separate entrances on a tree-lined street in Hamilton's St. Clair neighbourhood. 16 Rutherford Ave is a legal triplex with a fully finished lower level, offering two 2 bedroom units and a 1 bedroom unit above grade plus a second 2 bedroom suite below, for seven bedrooms in all. Two units are tenanted and producing income today. The other two are vacant, giving you something most income properties never offer: the freedom to choose your own tenants, set your own rents, or move in and let the building help carry your mortgage. Fully leased, the property offers a potential cap rate of approximately 7% based on projected rents and current operation costs. Steps from Gage Park and minutes to the shops and cafes of Ottawa Street, the escarpment trails and public transit.

Location

Province ON

County Hamilton

Area 20 - Hamilton Centre

Zoning C

Direction RUTHERFORD AVE BETWEEN WENTWORTH ST S & SANFORD AVE S

Rooms

Basement Separate Entrance, Full, Finished

Kitchen 0

Interior

Interior Features Other

Heating Forced Air

Cooling None

Fireplace No

Appliance Refrigerator, Stove

Laundry None

Exterior

Roof Type Asphalt Shing

Lot Frontage 32.0

Lot Depth 100.0

Garage No

Building

Lot Description Ample Parking, City Lot, Hospital, Park, Place of Worship, Public Transit, Schools, Shopping Nearby

Faces RUTHERFORD AVE BETWEEN WENTWORTH ST S & SANFORD AVE S

Story 2

Foundation Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick Veneer

New Construction No

Others

Senior Community No

Tax ID 172050079

Ownership Freehold/None

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Ruthann Brown

Ruthann Brown

Broker

+1(705) 641-0085

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16 Rutherford Avenue