sold

124 Paling Avenue

Hamilton, ON

$809,900

MLS® #: H4081675
124 Paling Avenue
Hamilton, ON

A legal non-conforming three-family home in east Hamilton is truly a rare find! This unsuspecting home is nestled amongst single-family homes, offers 3 spacious units, plenty of parking and is situated in a quiet neighbourhood – all while being walking distance to: schools, parks, transit and a quick drive to highway access points. Projected gross annual income is approximately $50,000. Two of the units have fantastic tenants wishing to stay, the third unit will be vacant at the end of July and the garage is currently rented separately. A Pro forma is available with all actual/projected rents. Updates since 2015, include: kitchen cabinets in 2 units, flooring, painting, brick repointing, flat roof (back), shingles, gas boiler, washers/dryers, vanities, garage door and more. Rents include heat and water, tenants pay for hydro (separate metres).

TYPE: MULTIFAMILY

Key Figures

Schools

5 public & 4 Catholic schools serve this home. Of these, 8 have catchments. There are 2 private schools nearby.

Parks & Rec

4 basketball courts, 3 playgrounds and 15 other facilities are within a 20 min walk of this home.

Transit

Street transit stop less than a 2 min walk away. Rail transit stop less than 3 km away.

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