63 Melrose Avenue S, Hamilton (stipley), Ontario

$649,900

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6

Beds

4

Baths

About 63 Melrose Avenue S

An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, updated and Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. Looking for even more upside? The property also offers potential to create a third unit with separate side entrance, providing an exciting opportunity to further increase revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown.A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future! (id:36535)

Features of 63 Melrose Avenue S

Listing # X13769078
Price $649,900
Bedrooms 6
Bathrooms 4.00
Acres 0.00
Type Multi-family

Community Information

Address 63 Melrose Avenue S
Subdivision Stipley
City Hamilton (stipley)
Province Ontario
Postal Code L8M2Y4

Amenities

Amenities Park, Public Transit, Schools
Parking Spaces 3
Parking Detached Garage, Garage
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Appliances Water Heater, Dishwasher, Dryer, Two stoves, Washer, Two Refrigerators
Heating Natural gas Forced air
Cooling Central air conditioning
Fireplace Yes
# of Fireplaces 1
# of Stories 3
Has Basement Yes
Basement Type Full (Partially finished)
Basement Development Partially finished

Exterior

Exterior Brick
Lot Description 40 x 120 FT
Foundation Block

Listing Details

OfficeCourtesy Of RE/MAX ESCARPMENT REALTY INC.

Listing Map