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104 Longwood Rd S

2 Unit Apartment Building Offered at £828,006 at a 4.15% Net Initial Yield in Hamilton, ON L8S 1S6

Investment Highlights

  • Near Mcmaster Hospital / University
  • Westdale South neighborhood

Executive Summary

Current Use: Up/Down Duplex, Close proximity to Mcmaster University, This property is located steps from McMaster University and offers a safe investment opportunity with guaranteed rental income. It’s part of Hamilton’s rapidly growing economy zone and is attracting a growing number of young professionals due to its affordability, vibrant culture, eclectic mix of neighborhoods. Run long term / short term rentals or Student Rentals. Potential to build the third unit in lookout basement for additional rental potential. call +12892083438 Imtiaz KIANI

Financial Summary (Pro forma - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £828,006
Price Per Unit £414,003
Sale Type Investment
Net Initial Yield 4.15%
Sale Conditions
Distress Sale
  • Design & Build
  • Tenants option to buy property
  • Development Sale
  • Unit De-conversion
Gross Rent Multiplier 15.47
No. Units 2
Property Type Residential
Lot Size 0.08 AC
Building Size 2,410 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1932/2024
Parking Ratio 1.24/1,000 SF

Unit Amenities

  • Washer/Dryer
  • Wooden Floors

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+1 1 - -
3+1 1 £1,518 1,250
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code C/S-1361 (DUPLEX UP/DOWN)
C/S-1361 (DUPLEX UP/DOWN)
  • Listing ID: 28675759

  • Date on Market: 06/06/2023

  • Last Updated:

  • Address: 104 Longwood Rd S, Hamilton, ON L8S 1S6

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