342 King William Street,Hamilton (Landsdale), ON L8L1P3
Hamilton (Landsdale), ON L8L1P3
Description
Excellent Investment Opportunity in Hamilton! Offered for sale by a long-term owner retiring, this renovated and upgraded property featuring legal duplex 342 and 344 King William St with an existing three-unit layout. This versatile property offers very good cash flow potential and opportunities to further maximize rental income. Very Bright and inviting throughout, the home features plenty of windows that fill the living spaces with lots of natural light.The upper unit features 4 bedrooms, 2 bathrooms, ensuite laundry, 1 Family Room (Can be used as a bedroom), and a roughed-in kitchen area currently configured as a bedroom, offering potential for a fourth unit. The main unit features 2 bedrooms, 1 family room (which can be used as a 3rd bedroom), and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom. All three existing units have separate kitchens, providing independent living spaces and flexible rental possibilities. Recent Updates: Roof (2025), furnace (2023), and hot water tank (2019). With no existing rental contracts, very low expenses, and vacant possession, the new owner has the flexibility to further customize the home or establish their own tenancy arrangements at current market rents.Additional highlights include 3 separate hydro meters and approximately $75,000 in potential gross annual rental income with all three units, making this an attractive opportunity for investors seeking strong cash flow and long-term investment potential.Conveniently located in downtown Hamilton, the property is close to public transit, shopping, restaurants, and everyday amenities.A great opportunity to acquire a bright, versatile, multi-unit investment property with excellent income potential! (id:13843)
Details
| MLS # | X14089868 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 12 |
| Listing Provided By | HOMELIFE EXCELSIOR REALTY INC. | FRANK LIN |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Stove, Dryer |
| Fireplace Yes / No | Yes |
Exterior
| Foundation Details | Concrete |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 1 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3908.66 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Landsdale) |
| Postal Code | L8L1P3 |
| Listing VS Median (in L8L1P3) | |
Price: $799,000 low | high Med: $611,950 sqft: 2,000 low | high Med: 1,550 $ / sqft: $400 low | high Med: $393 On site: 12 low | high Med: 45 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Landsdale) |
| Postal Code | L8L1P3 |
| Listing VS Median (in L8L1P3) | |
Price: $799,000 low | high Med: $611,950 sqft: 2,000 low | high Med: 1,550 $ / sqft: $400 low | high Med: $393 On site: 12 low | high Med: 45 | |
