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Gibson/Stipley South, Hamilton, ON L8M 1Y4
Four self-contained units with separate entrances on a tree-lined street in Hamilton's St. Clair neighbourhood. 16 Rutherford Ave is a legal triplex with a fully finished lower level, offering two 2 bedroom units and a 1 bedroom unit above grade plus a second 2 bedroom suite below, for seven bedrooms in all. Two units are tenanted and producing income today. The other two are vacant, giving you something most income properties never offer: the freedom to choose your own tenants, set your own rents, or move in and let the building help carry your mortgage. Fully leased, the property offers a potential cap rate of approximately 7% based on projected rents and current operation costs. Steps from Gage Park and minutes to the shops and cafes of Ottawa Street, the escarpment trails and public transit.
Listing activity for 16 Rutherford Avenue, Hamilton, ON
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $679,990 | N/A | For Sale | 40871273 |
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Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Province of Ontario open data
Province of Ontario open data
Province of Ontario open data · Municipal transit open data
Province of Ontario open data · Government of Canada open data
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains public sector Data made available under the City of Hamilton's Open Data Licence
Monthly Payment
$3,118
Total monthly payment
$3,487
Break-even down payment
100%
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$679,990
$679,990
CAD
Estimate unavailable
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