260 Prospect St

Bakeley | Hamilton

$697,000

Listed 2 months ago
3 + 1 bed
2 bath
1,200-1,399 sqft
4 parking
50 x 100 lot
Duplex

Description

Legal duplex!!! Calling all investors looking for opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighborhood. This property is fully leased, collecting approximate $41,000 annually with an NOI of $31,700 offering a compelling ROI, boasting a cap rate around 4.2%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can live in one unit while collecting rent thereby reducing their monthly expenses between $1,500 to $2,000/m. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.

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MLS#
X8152754
Property Taxes
$3,922 per year / $327 per month
Condo Fees
-
Basement
Unfinished | Walk-Out Access
Front Facing
E
Year Built
-
Type
Duplex
Bedrooms
3 Full | 1 Partial
Bathrooms
2 Full
Parking Spots
4 Total | 2 Garage, 2 Outside
Parking Types
Detached | Driveway
Floor
-
Storeys (Above Ground)
Two
Outdoor Area
-
Fencing
-
Balcony
-
Pool
None
External Material
Aluminum Siding
Roof Type
-
Lot Frontage
50 ft
Lot Depth
100 ft
Internal Area (Above Ground)
1,200-1,399 sqft
Interior Features
-
Cooling System
Central Air
Heating System
Forced Air
Laundry
Main Level
Has Fireplace
No
Flooring
-

Room dimensions

Note: Furniture shown for scale. Room dimensions provided by listing brokerage.

Main Level

Living Room
10.8 x 11.7 ft
Living Room
3-person sofa (7ft)
Bedroom
9.5 x 10.2 ft
Bedroom
Queen Bed
Bedroom
8.5 x 11.5 ft
Bedroom
Full Bed
Kitchen
11.0 x 12.0 ft
Kitchen
Stove
Dining Room
10.0 x 12.5 ft
Dining Room
6-person table

Upper

Living Room
12.7 x 16.7 ft
Living Room
3-person sofa (7ft)
Bedroom
11.0 x 11.5 ft
Bedroom
King Bed
Bedroom
11.0 x 9.5 ft
Bedroom
King Bed
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260 Prospect St | Bakeley

Demographics

Population

3,151

Population change

-0.9%

Density (per km²)

4,232.9

Ownership type

Age

Family type

Commute time

ÉÉC Notre-Dame
400 Cumberland Avenue Hamilton Ontario L8M2A2
Preschool - Middle
Grade Pre-K - 8
1 min walk 0.1km away
Adelaide Hoodless Public School
71 Maplewood Avenue Hamilton Ontario L8M1W7
Preschool - Middle
Grade Pre-K - 8
7 min walk 0.4km away
Prince of Wales Elementary Public School
77 Melrose Avenue North Hamilton Ontario L8L6X4
Preschool - Middle
Grade Pre-K - 8
21 min walk 1.1km away
Sacred Heart of Jesus Catholic Elementary School
5 Hamilton Ave Hamilton Ontario L8V2S3
Preschool - Middle
Grade Pre-K - 8
21 min walk 1.1km away
Bernie Custis Secondary School Secondary School
1055 King Street Hamilton Ontario L8M1E2
Middle - Secondary
Grade 6 - 12
22 min walk 1.2km away
Memorial (City) School
1175 Main Street East Hamilton Ontario L8M1P3
Preschool - Middle
Grade Pre-K - 8
24 min walk 1.3km away
St. John the Baptist Catholic Elementary School
115 London St S Hamilton Ontario L8K2G6
Preschool - Middle
Grade Pre-K - 8
25 min walk 1.3km away
Highview Public School
1040 Queensdale Avenue East Hamilton Ontario L8T1J4
Preschool - Middle
Grade Pre-K - 8
25 min walk 1.4km away
Holy Name of Jesus Catholic Elementary School
181 Belmont Ave Hamilton Ontario L8L7M5
Preschool - Middle
Grade Pre-K - 8
26 min walk 1.4km away
St. Ann (Hamilton) Catholic Elementary School
15 St. Ann Street Hamilton Ontario L8L0B8
Preschool - Middle
Grade Pre-K - 8
27 min walk 1.4km away
Bridge International School
1025 King Street East Hamilton Ontario L8M1C9
Elementary - Secondary
Grade 1 - 12
17 min walk 0.9km away
New Heights Academy Hamilton
1104 Fennell Avenue East Hamilton Ontario L8T1R9
Middle - Secondary
Grade 6 - 12
35 min walk 1.9km away
Summit College - Hamilton
1119 Fennell Avenue East Hamilton Ontario L8T1S2
Elementary - Secondary
Grade 1 - 12
37 min walk 2.0km away
Bronston Canadian Academy
2 Webber Avenue Hamilton Ontario L8N1W3
Elementary - Secondary
Grade 1 - 12
37 min walk 2.0km away
OnCourse Education
775 Upper Wentworth Street Hamilton Ontario L9A4V7
Middle - Secondary
Grade 6 - 12
56 min walk 3.0km away
Immigrants Working Centre - IWC Academy
8 Main Street East Hamilton Ontario L8N1E8
Middle - Secondary
Grade 6 - 12
58 min walk 3.1km away
Metropolitan College
146 James Street South Hamilton Ontario L8P3A2
Middle - Secondary
Grade 6 - 12
58 min walk 3.1km away
Southern Ontario Collegiate
28 Rebecca Street Hamilton Ontario L8R1B4
Middle - Secondary
Grade 6 - 12
58 min walk 3.1km away
Hamilton Downtown Islamic School
221 York Boulevard Hamilton Ontario L8R1Y6
Elementary - Middle
Grade 1 - 8
73 min walk 3.9km away
Lyonsgate Montessori School
248 Locke Street South Hamilton Ontario L8P4B9
Elementary - Middle
Grade 1 - 8
81 min walk 4.3km away
MLS® Listing
X8152754
Brokerage
HARVEY KALLES REAL ESTATE LTD.

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