Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there's no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential. Concept proposed: Buyer to develop three triplex buildings totaling 9 residential units. Development has not yet been approved. Buyer to complete all required applications and obtain necessary approvals. (id:4069)
Address
641 LIMERIDGE Road E
List Price
$749,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
4
Bathrooms
2
Floor Area
1,462 Sq. Ft.
Lot Depth
156 ft
Frontage Length
80 ft
MLS® Number
40852019
Listing Brokerage
RE/MAX Escarpment Realty Inc.
Basement Area
Full (Finished)
Postal Code
L8W1A2
Zoning
C
Ownership
Freehold
Parking Places (Total)
4
Site Influences
Hospital, Park, Schools, Shopping
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Number Of Floors In Building
1.5
Water Source
Municipal water
Access To Property
Highway access
Sewer
Municipal sewage system
