46
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$889,000
Est. payment /mo
5 Beds
3 Baths
New
164 WENTWORTH ST S Hamilton, ON L8N 2Z2
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Stinson
MLS Listing ID X12394367
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,030
Tax Year 2025
Property Sub-Type Triplex
Property Description
PROPERTY OVERVIEW: Solid, well-cared-for legal triplex with three self-contained units above ground in a fourplex-zoned area. High cashflow (see attachment), with easy conversion potential to a legal fourplex. Two of the three units are renovated and paying market rents and utilities (providing a built-in inflation hedge). Excellent reliable tenants in all three units. House has character, natural light, green outdoor spaces, and ample parking in both front and rear. Suits multi-generational living. ***KEY PROPERTY DETAILS: Unit 1 (main floor): large 3-bedroom unit with basement, private fenced backyard, and shed. Unit 2 (2nd floor): 1-bedroom unit with spacious kitchen. Unit 3 (2nd floor): 2-bedroom unit with open-concept kitchen. Unit 2 & 3 share an additional semi-private backyard. All units have en-suite washer/dryers. 200 AMP service with 3 hydro meters. Additional outdoor staircase to 2nd floor. ***ADDITIONAL INCOME POTENTIAL: Unit 1 offers long-term stability today with future potential to enhance long-term value through modernization & conversion to 2 self-contained apartments (R1a zoning permits fourplexes; see attachment for details). Additional income potential: basement with existing separate entrance, large unused attic with high ceilings. ***LOCATION: Prime location in a family neighborhood, steps to hiking/biking on the Bruce Trail (Escarpment Rail Trail) and stairs to Mountain. Great transit options: Wentworth/Stinson/Main Street buses, Hamilton GO Station, easy access to Mountain & highways, direct bus route to McMaster University. Adjacent to the sought-after Stinson School Lofts and Grant Street. Strong rental demand, especially with Masters & PhD students and medical professionals. Near schools, grocery stores, hospitals, restaurants, cafes. ***FINANCIALS & CAPEX: See verifiable financial info, recent capital upgrades, and other info in attachment.
Location
Province ON
County Hamilton
Community Stinson
Area Hamilton
Rooms
Family Room No
Basement Separate Entrance, Unfinished
Kitchen 3
Interior
Interior Features Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 110.0
Total Parking Spaces 4
Building
Foundation Concrete Block
Listed by SUTTON GROUP-ADMIRAL REALTY INC.
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