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Est. payment | /mo
4 Beds
3 Baths
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Est. payment | /mo
4 Beds
3 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Crown Point
MLS Listing ID X13541340
Style 2 1/2 Storey
Bedrooms 4
Annual Tax Amount $3,130
Tax Year 2025
Property Sub-Type Detached
Property Description
102 Rosslyn Avenue N, Hamilton is an investment property within a portfolio. A five-door rooming house with a self-contained basement unit, offered at a 6.10% in-place cap rate on current rents. This property generates $54,660 in gross annual rent and $41,460 NOI, with one door currently vacant and ready for immediate lease-up. The upper floors offer four main rooms, one with a private bath, above a separate 2-room basement unit with its own layout. Recent capital upgrades - a new water heater and furnace, in-suite washer and dryer, and central heat and A/C - mean minimal near-term capital outlay for a new owner, and 2-car parking adds a rentable amenity. Four of the five upstairs doors are already month-to-month, giving a new owner substantial room to reset rents to market across the upper unit on standard notice. The separate basement unit is currently vacant and available for immediate lease-up at an asking rent of $1,350/month, adding a distinct income stream that can be repositioned independently of the rest of the property.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Finished
Kitchen 2
Interior
Interior Features None
Cooling Central Air
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 20.0
Lot Depth 100.0
Total Parking Spaces 2
Building
Foundation Unknown
Others
Senior Community No
ParcelsYN No
Listed by EXP REALTY
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