Residential Income in Hamilton (Gibson)

CA$597,000

99 Sanford, L8L5Z1, Hamilton (Gibson), ON

Residential Income for sale in Hamilton (Gibson), 99 Sanford, L8L5Z1, 1500 m²

99 Sanford, L8L5Z1, Hamilton (Gibson), ON

CA$597,000

5Bed
2Bath
1500
Type: Residential Income

Description

99 Sanford Avenue N, Hamilton is an Investment Property, duplex-plus-rooms property in Hamilton's west-end Landsdale neighborhood, offered at a 5.49% in-place cap rate with a clear, built-in path to higher income. The property generates $49, 080 in gross annual rent and $37, 638 NOI at an asking price of $685, 000.Configured as a one-bedroom main-floor apartment and a four-room upper unit, the building runs on two hydro meters with front parking - a rentable amenity in this lower-city location. Four of the five occupied doors are month-to-month, giving an incoming owner immediate room to reset rents to market as tenancies turn, with no additional acquisition required. The stand-out upside is the basement: counted as a sixth door with its own separate side entrance, it is currently vacant and ready to be finished and leased as a private, self-contained unit - adding a brand-new income stream that isn't yet reflected in the in-place numbers. Between the month-to-month resets and the basement lease-up, a new owner has two distinct, low-risk levers to grow NOI from day one. Situated in an appreciating pocket close to transit, schools, and everyday amenities, 99 Sanford offers strong room-rental income today plus genuine value-add on top. Ideal for an investor building a Hamilton rental base or adding a room-rich, high-upside asset to an existing portfolio. - Duplex + rooms, Price: $685, 000 - Gross annual rent: $49, 080, Net operating income: $37, 638, Cap rate: 5.49% (in-place) - Doors: 6 (5 occupied / 83%; basement vacant) Configuration: 1-bed main floor + 4-room upper unit + vacant side-entrance basement (6th door) -Metering / parking: Two hydro meters, front parking (id:55532)

Location

99 Sanford, L8L5Z1, Hamilton (Gibson), ON

Data

Object TypeResidential Income
Purchase PriceCA$597,000
Living Space1500 m²
Plot SizeN/A
Bathrooms2
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction YearN/A
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

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Real Estate Agent