45 East Bend Avenue N Hamilton, Ontario L8L 7E1

$649,900

Same owners for the past 42 Years. Built as a duplex with separate hydro meters. The owners always lived on the main floor and used to rent out the upper floor for extra pocket money to pay their expenses. This home is walking distance to Gage Park, Tim Hortons Field and to both Memorial Elementary School and Bernie Custis Secondary School. The Seller has made some recent improvements to get the home to its current condition. Here's a few features: 1 gas boiler 14 yrs, newer floors on both levels, roof was done in 2012. Currently both units are vacant so you can set your own rental rates (all rental income is projected at 2100 main floor and 1900 upper floor, expenses are actual and water/sewer is estimated) 1 gas meter, 1 water meter, 1 laundry main floor(private) , 2 separate hydro panels and 2 hydro meters and all copper wiring, copper and plastic ABS plumbing, vinyl windows, main floor has access to backyard from inside, 2nd upper unit complete separate entrance. parking for 1 car at front and oversized 1 car garage at back through laneway. Excellent for 1st timer or investor (cap rate of 6.2%) (id:48850)

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https://www.realtor.ca/real-estate/26253466/45-east-bend-avenue-n-hamilton