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Est. payment | -/mo

5 Beds

3 Baths

Save

Est. payment | -/mo

Save

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Beasley

MLS Listing ID X13094994

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $3,525

Tax Year 2025

Property Sub-Type Duplex

Property Description

Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal.

Location

Province ON

County Hamilton

Area Hamilton

Rooms

Family Room No

Basement Apartment, Finished, Separate Entrance

Kitchen 3

Separate Den/Office 1

Interior

Interior Features Separate Hydro Meter, Water Heater, Water Meter

Cooling Central Air

Exterior

Exterior Feature Patio, Porch

Parking Features Lane

Pool None

Roof Type Asphalt Shingle

Lot Frontage 16.33

Lot Depth 80.9

Total Parking Spaces 1

Building

Building Age 100+

Foundation Unknown

Others

Senior Community No

ParcelsYN No

Listed by PRIME REAL ESTATE BROKERAGE

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203 John ST N Hamilton, ON L8L 4P4