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$ 560,000
Est. payment /mo
Price Dropped by $40K
47 Nightingale ST Hamilton, ON L8L 1R7
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Landsdale
MLS Listing ID X13544482
Style 2 1/2 Storey
Bedrooms 6
Annual Tax Amount $2,556
Tax Year 2025
Property Sub-Type Detached
Property Description
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
Province ON
County Hamilton
Area Hamilton
Rooms
Basement Partial Basement
Kitchen 2
Interior
Interior Features Other
Cooling Central Air
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 2
Building
Foundation Unknown
Lited by EXP REALTY