| Kensington Ave North, Hamilton, Ontario
Offer Date: Monday, October 24, 2022
Closing Date: November 31st, 2022 (closing date is flexible)
About the Property
Check out this detached 2.5 storey in need of a full cosmetic renovation to bring it back to life! The property is located in Hamilton and consists of 4 bedrooms and 2 bathrooms. Drawings have been submitted to the city to convert this property into a legal duplex and an investor can easily add a third illegal unit in the basement after completion. Furthermore, the application process is underway to add a coach house in the back. This house is perfect for an investor looking to add a 4-unit property to their portfolio!
About the Neighbourhood
The subject property is situated in the Crown Point West neighbourhood of Hamilton. The property is close to countless amenities such as Shoppers Drug Mart, Tim Hortons, St Peters Hospital, Hamilton Mall and countless restaurants. The property is less than a 10 minute drive to Hamilton GO Centre, with connecting routes to Burlington, Mississauga, Toronto and Niagara Falls. The property is 10 minutes away from Highway 403, connecting Hamilton to major highways across the GTA.
Property Details
- Detached 2.5 storey
- 4 bedrooms
- 2 bathrooms
- 1651 sqft above grade
- 734 sqft below grade
- Unfinished basement
- 2 Separate entrances
- 1 Separate entrance going into the basement
- 1 Separate entrance in the back leads to the upstairs unit
- Property taxes are about $3026
- No A/C
- The HWT is a rental
- Furnace is owned but needs to be replaced
- Steel roof done in 2016
- Some windows may need to be replaced
- Driveway for 1 parking spot in front of house
- Breaker Panel, copper wiring
- Built in 1920
- 30ft x 100ft
- D Zoning
- Property is within the Parking Exemption Zone which permits the use of a legal duplex + coach house without each unit requiring a designated parking spot
Recommended Renovations
- Full Cosmetic Renovation
- Convert to legal duplex and add coach house
- Consider adding a third unit in the basement after completion
- Property will be cleaned prior to closing
|
|
