Income Today. Development Potential Tomorrow. A compelling investment opportunity in the heart of Hamilton! This approximately 10,000 sq. ft. parcel, roughly 100 x 100 ft., offers exposure on three sides, including a laneway. The existing detached home and substantial detached garage provide current... rental income reported at approximately $6,000 per month. Preliminary development concepts envision the possibility of 16 residential units, each approximately 1,200 sq. ft. with 3 bedrooms and 3 bathrooms, subject to verification of feasibility, zoning and all required municipal approvals. Generous frontage and a versatile lot configuration offer an appealing opportunity for investors, developers and long-term holders. Collect rental income while exploring the property's next chapter. Development concepts are illustrative and preparatory work on development design details is underway, subject to municipal review and all required approvals.
Full Property Details
Interior
Bedrooms
3
Bedrooms Plus
1
Total Bedrooms
4
Washrooms
2
Square Footage
2000-2500 sqft
Basement
Full
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
None
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Bedrooms
3
Bedrooms Plus
1
Total Bedrooms
4
Washrooms
2
Square Footage
2000-2500 sqft
Basement
Full
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
None
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Exterior
Depth
100.0
Front
100.0
Driveway
Private Double
Lot Size
100 x 100.0 ft
Pool
None
Waterfront
None
Parking Spaces
21
Total Parking Spaces
27.00
Parking Description
Detached
Garage Spaces
6
Depth
100.0
Front
100.0
Driveway
Private Double
Lot Size
100 x 100.0 ft
Pool
None
Waterfront
None
Parking Spaces
21
Total Parking Spaces
27.00
Parking Description
Detached
Garage Spaces
6
Building Description
Style
2-Storey
Home Type
House
Subtype
Detached
Property Orientation
North
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
1/1/2027
Style
2-Storey
Home Type
House
Subtype
Detached
Property Orientation
North
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
1/1/2027
Community
Community
Stipley
Community
Stipley
Taxes & Fees
Taxes
$4,521.35 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$4,521.35 /yr
Tax Year
2025
Occupancy
Tenant
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