154-156 Freelton Road

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$1,550,000

154-156 Freelton Road

Freelton, Hamilton · MLS® X13207934

13119

House · Multi-family · 149 days on market

listed by DREW WOOLCOTT, RE/MAX ESCARPMENT REALTY INC.

realtor's description

Incredible investment opportunity! Over 7% cap rate! Located in the quaint town of Freelton, right across from a municipal park. Get your hands on this 1/2 property with 2 residential buildings on it. The upper building consists of four two-bedroom apartments with forced air heating and air conditioning. The lower building consists of two two-bedroom apartments and two one-bedroom apartments with forced air heating. A large garage/shop approximately 1,400 square feet can provide additional revenue or keep as personal storage for your toys. Additional income/offset with solar panel contract. Tenant parking for over ten cars. Onsite coin operated laundry. Literally an investors dream property. Nothing to do but collect the rent! Great tenants! Amazing location just 14 minutes to downtown Waterdown, 8 minutes to the 401, and 25 minutes to Cambridge. Gems like these don't come around often. RSA.

property details

type: House, Multi-family
bedrooms: 13
bathrooms: 11
parking: 9
property tax: $5,253 / yr
days on market: 149
MLS®: X13207934

features

Hillside
Hilly
Washer
Refrigerator
Stove
Dryer

monthly cost

$7,191/mo

Mortgage $6,753 · Tax $438

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$6,753/ monthly

loan $1,240,000

25-year amortization

down payment20% · $310,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $785,960
cash to close: $310,000; down payment; transfer tax and fees not included
total paid: $2,025,960

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.