The Jennifer Jones Team, LPT Realty, Brokerage
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Hamilton (Landsdale), ON

47 NIGHTINGALE STREET

$560,000

Listed by
EXP REALTY
Mina Bishay, Salesperson

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Detached at 47 NIGHTINGALE STREET, Hamilton (Landsdale), ON
47 NIGHTINGALE STREET, Hamilton (Landsdale), ON, photo 247 NIGHTINGALE STREET, Hamilton (Landsdale), ON, photo 3

Property facts

Price
$560,000
Type
Detached
Bedrooms
6
Bathrooms
2
MLS®
X13544482
Status
active
Brokerage
EXP REALTY

About this home

Description provided by the listing brokerage

47 Nightingale Street, Hamilton is an investment property within a portfolio. A four-door property combining a room-based upper unit with a self-contained basement suite, offered at a 5.83% in-place cap rate on current rents. This fully-tenanted property generates $46,200 in gross annual rent and $34,950 NOI/Profit. The basement is operated as a 3-room unit with its own living room, kitchen, and bathroom, sitting below a 3-door upper unit. Three of the four doors are already month-to-month, giving a new owner a clear, near-term path to reset rents to market on standard notice without waiting years for turnover. The room-based configuration plus a separate basement unit allows income to be grown door-by-door rather than all at once. 2-car parking at the rear adds a rentable amenity in a parking-constrained lower-city location, with further upside available by renting the spots separately.

Location

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