Property Description for 93 BARNESDALE Boulevard
LEGAL non-conforming triplex situated on a quiet boulevard in the Hamilton downtown core. This massive value add opportunity features 3814 (5000 sq ft including basement) square feet ready for stabilization. Unit mix includes main floor- 2bed, 1bath (1426 sq ft) $2152.50 + hydro, second floor 2bed, 1 bath (1426 sq ft) $1063 + hydro, third floor/loft 1bed, 1bath $1048 + hydro. All on month to month leases. Square footage is spread out effectively creating large units with upside on renovations and reconfiguring the space. Loft unit was renovated in the last few years. The opportunity continues with an unspoiled 1242 sq ft basement w/ walk-up & high ceilings optimal for creating storage lockers and possible coin op laundry setup for the building. Zoned the coveted R1A you'll also find ease in a large detached garage (306 sq ft) perfect for a 4th legal unit. Lastly, the parcel includes a semi-detached 1 bay garage on the opposite side (ideal for storage/possible income-176 sq ft). Endless upside with this massive asset including ample parking & a reconstructed roof (including sheathing) in 2015. Potential stabilized rent of almost $8000 across 4 units. Second floor unit is VACANT! Allowing for market rent and access to unit renovations immediately! (id:38686)
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Property Details
Property Tax
: $6,322MLS® #
: 40761873
Home Features
Property Type
: MultiFamilySquare Footage
: 3,814 SQFTSubdivision
: 202 - Gibson/Stipley South
Interior Features
Basement
: Unfinished, Full
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: Attached Garage, Detached GarageExterior Features
: Brick
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