Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there’s no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential. (id:63008)
| MLS® Number | 40807060 |
| Property Type | Multi-family |
| Neigbourhood | Central Mountain |
| AmenitiesNearBy | Hospital, Park, Schools, Shopping |
| ParkingSpaceTotal | 4 |
| BathroomTotal | 2 |
| BedroomsTotal | 4 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1462 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
| Attached Garage |
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Hospital, Park, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 156 Ft |
| SizeFrontage | 80 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R1 |
https://www.realtor.ca/real-estate/29392966/641-limeridge-road-e-hamilton
Tobias Richard Smulders
Broker