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74 LOCKE Street N
homes for sale · Hamilton · Strathcona Central North
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$1,049,000

74 LOCKE Street N

Strathcona Central North, Hamilton · MLS® 40864875

35

4,220 sq ft · House · Multi-family · 35 days on market

listed by Tino Goritsas, RE/MAX Escarpment Realty Inc.

realtor's description

Excellent investment opportunity in a prime central Hamilton location. Situated on a prominent corner lot at Locke St N and Peter St, this 3-storey multi-residential property features 8 self-contained residential units consisting of 4 two-bedroom and 4 one-bedroom units, each with separate hydro meters. Offering approximately 4,220 sq ft of living space, 5 parking spaces, coin-operated laundry, boiler heating system and additional basement space. Fully tenanted with established rental income and significant future upside as tenancies turn over. Conveniently located minutes from Victoria Park, Bayfront Park, West Harbour GO, public transit, downtown Hamilton and the shops and restaurants of Locke Street. An opportunity for investors to acquire an established income-producing property in one of Hamilton's most convenient and desirable central locations. Property being sold under Power of Sale on an as is, where is basis.

property details

type
House, Multi-family
bedrooms
3
living area
4,220 sq ft
parking
5
property tax
$17,532 / yr
days on market
35
MLS®
40864875

features

  • Crushed stone driveway
  • Laundry- Coin operated

monthly cost

$6,031/mo
Mortgage $4,570 · Tax $1,461

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

estimated payment
$4,570/ monthly
loan $839,200
25-year amortization
total interest
$531,918
cash to close
$209,800
down payment; transfer tax and fees not included
total paid
$1,371,118

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

location

Strathcona Central North, HamiltonGoogle Maps ↗

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listed by
Tino Goritsas
RE/MAX Escarpment Realty Inc.
call Tino · 905-978-3986
Powered by: REALTOR.ca

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location

Strathcona Central North, HamiltonGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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