203 John Street N, Hamilton (Beasley) ON

About 203 John Street N

Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal. (id:56071). Get more information on 203 John Street N

Property Features

Appliances:  Water Heater, Water meter
Features:  Lane
Rental Equipment:  Water Heater
Directions:  Robert Street and John St North
Interior Size:  1500 - 2000 sqft
Amenities:  Separate Electricity Meters
Lot:  16.3 x 80.9 FT|under 1/2 acre 16.3 x 80.9 FT
Exterior Finish:  Brick, Stucco
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age: 100+ years
Foundation: Unknown
Basement:  N/A, N/A (Finished), N/A Finished

Rooms & Sizes

Living room Second level 3.2 m x 3.33 m	Kitchen Second level 3.1 m x 2.69 m	Primary Bedroom Second level 4.44 m x 2.72 m
Bedroom Second level 2.64 m x 3.28 m	Utility room Basement 2.11 m x 3.78 m	Kitchen Basement 2.69 m x 5.46 m
Bedroom Basement 2.69 m x 5.46 m	Laundry room Basement 1.98 m x 2.95 m	Kitchen Main level 3.2 m x 3.56 m
Living room Main level 3.2 m x 5.05 m	Bedroom Main level 3.05 m x 3.63 m