105 Cheever Street, Hamilton, ON L8L 5R8

$424,900
5
BD
2
BA
1,500
SqFt

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List Price
$424,900
MLS#
X13228014
Status
ACTIVE
Type
Multifamily
SubType
Duplex
Style
2 1/2 Storey
Bedrooms
5
Bathrooms
2
Living Area
1500-2000
Province
ON
Municipality
Hamilton
Area
Hamilton
Neighborhood
Industrial Sector
Subdivision
Burton St

Property Description

Welcome to this fully tenanted 2.5-storey semi-detached duplex in a convenient Hamilton location, offering excellent value at an accessible price point. With two self-contained units already in place, this property presents a strong opportunity for buyers looking to enter the investment market, offset future carrying costs, or secure a multi-unit property with built-in rental income. Unit 1 is located on the main floor, features 2 bedrooms, and is currently rented for $1,525 per month, with access from Burton Street as well as a convenient side entrance from the rear driveway. Unit 2 is accessed from Burton Street and spans the upper levels, offering its own laundry, second-floor living space, and a third-floor/attic area with 1 bedroom on the main upper level and 2 additional bedrooms above, currently rented for $1,799 per month. Together, the property generates a Net Operating Income of approximately $30,969 annually, making it a compelling option for buyers seeking affordability, income support, and long-term upside. The unfinished basement provides useful storage and future potential. Ideally located near Hamilton General Hospital, parks, the library, restaurants, transit, and everyday amenities, this property offers strong value in a central Hamilton neighbourhood.

Additional Information

Taxes
$3,924
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Kitchens
2
Exterior
Brick
Garage Type
None
Pool
None
Parking Spaces
1
Parking Type
Private

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Listing courtesy of REAL BROKER ONTARIO LTD..