220 Emerald Street N Hamilton, Ontario L8L 5K8
$429,900
You really can't miss this value added 3-unit investment that not only makes a strong statement on the street, but is a strong investment too! Not only a bold facade, but a bold 8% potential cap rate make this solid triplex an ideal mix of immediate income and plenty of opportunity to be realized. The fully renovated rear one-bedroom unit is tenanted, while the front studio and second-floor one-bedroom are vacant and ready for updates, allowing you to set market rents and select tenants. Recent improvements include a complete frame-in renovation of the rear unit, as well as new furnace and hot water tank (2021), updated wiring with 200-amp breaker panel and some exterior brick repointing with the front and side painted (2022), rear stairs replaced (2019),. Two rear parking spaces on a concrete driveway with paved alley access, plus proximity to downtown and public transit routes makes it a very attractive prospect to tenants. A practical & profitable opportunity for investors to build long-term equity in an improving Lansdale neighbourhood. (id:50964)
Property Details
| MLS® Number | 40798621 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit |
| Parking Space Total | 2 |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 2 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1891 |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Brick Veneer |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,324 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 96 Ft |
| Size Frontage | 24 Ft |
| Size Irregular | 0.05 |
| Size Total | 0.05 Ac|under 1/2 Acre |
| Size Total Text | 0.05 Ac|under 1/2 Acre |
| Zoning Description | R1a |
https://www.realtor.ca/real-estate/29251562/220-emerald-street-n-hamilton
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February 27 2026 05:31:20
REALTORS® Association of Hamilton-Burlington
Royal LePage NRC Realty Inc.