For Sale

480 King William Street, Hamilton (Landsdale), Ontario L8L1R3

$1,100,000

480 King William Street, Hamilton (Landsdale), Ontario L8L1R3 is For Sale and has a listing price of 1,100,000. The property is located in the Landsdale neighbourhood. It's been on the website for 10 Days.

  • Single Family
    Property Type
  • Fourplex
    Building Type
  • 5
    Bedrooms
  • 4
    Bathrooms
  • 6
    Parking Spaces
  • MLS ID: X11892618
  • Office Name ROYAL LEPAGE SIGNATURE REALTY
Property Description

Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you’re expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you’ve been waiting for. (id:43137)

Property Details
  • Virtual Tour: Click Here
  • Bedrooms: 5
  • MLS ID: X11892618
  • Bathrooms: 4
  • Price: $1,100,000
  • Transaction Types: For Sale
  • Ref ID: 27737247
  • Year Built: N/A
  • Building Type: Fourplex
  • Property Type: Single Family
  • Property Type: All Houses
  • Property Sub Category: Fourplex
Price History
List Date MLS ID List Price Status End Date Closed Price
12/13/2024 X11892618 $1,100,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Floor Plans
Bathroom - Second 2.16 m x 1.99 m
Primary Bedroom - Second 3.07 m x 3.16 m
Bedroom 2 - Second 3.05 m x 2.99 m
Kitchen - Second 2.88 m x 4.11 m
Bathroom - Third 1.4 m x 2.5 m
Primary Bedroom - Third 3.48 m x 4.1 m
Bathroom - Basement 2.53 m x 1.5 m
Primary Bedroom - Basement 2.78 m x 4.65 m
Bathroom - Main 2.01 m x 3.052 m
Primary Bedroom - Main 2.98 m x 4.85 m
Kitchen - Main 3.04 m x 5.42 m
Living room - Main 3.04 m x 4.35 m
Neighborhood Stats
Landsdale
  • $686,722 Average List Price
    based on 1 year
  • 28 New Listings
    based on 30 days
  • 29 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.19 % Up
  • Sold (12mo) 39
  • Rented (12mo) 29

  • 1 Month Change +48.9%
  • 3 Month Change +28.0%
  • 6 Month Change +51.8%
Walkscore
  • 96 Walk Score
    Walker's Paradise
  • 64 Transit Score
    Good Transit
  • 80 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    79.96%
  • Commercial
    7.82%
  • Condo
    11.86%
  • Land for Sale
    0.35%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Basement2 N/a (finished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Brick, Vinyl Siding
  • Cooling System Central Air Conditioning
  • Total Parking Spaces: 6
  • Property Features Lane, Carpet Free
  • Basement Walk Out, Apartment In Basement
  • Fireplace False
  • Security Smoke Detectors
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 13/12/2024 00:00:00
  • Zoning Mr-25
  • Agent Name: MATT GREINER MATT GREINER
  • Last Updated: 14/12/2024 02:08:53
Open House Dates
Want to see this property?