88 Arkell Street, Hamilton, ON L8S 1N7 (Main Street West & Newton)

Price : $899,900.00 , MLS®# : X12266419

Description

PRIME INVESTMENT OPPORTUNITY Exceptional income-generating property perfectly situated within walking distance of McMaster University. Whether you're a seasoned investor or exploring your first rental opportunity, this turn-key property offers unbeatable value and consistent returns.This spacious and well-maintained home boasts 6 bedrooms and 2 kitchens, thoughtfully laid out to provide privacy, comfort, and practicalityan ideal setup for student housing. The fully tenanted basement adds immediate rental income and has the potential to generate approximately $4,800/month in gross rental income for the entire property.Student renters are drawn to the unbeatable convenience and vibrant neighbourhood, ensuring a strong and consistent tenant pool year-round. Whether your'e looking to expand your real estate portfolio or secure a reliable cash-flowing investment, this property checks all the boxes. Alternatively, this Home is well Suited for Families Looking to Enter the Real Estate Market. The Home is in a Fantastic neighbourhood close to Columbia International College, Westdale Secondary School, Dalewood Middle School, and George R. Allan Elementary School. Located in a high-demand area, the property is just minutes from schools, public transit, shopping, restaurants, parks, and all essential amenities.

Location Description

Main Street West & Newton

Property Details
  • Community: Westdale
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 6
  • Bath: 3
  • Garages: Detached
  • Annual Property Taxes : $ 8099.5
Building Features
  • Foundation Type: Concrete
  • Counstruction Material : Brick
  • Total Parking Space : 5
  • Parking Type : Detached
Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,

Listing Contracted With: HOMELIFE/BAYVIEW REALTY INC.