317 Queen Street South, Hamilton, ONL8P 3T6
Property Information
Monthly Cost
Description
Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets.
Listing History
Shows activity for this MLS® listing. Prior listings and sold records appear when available.
Location
View on MapSchool Catchments
School boundaries and eligibility may change. Confirm school eligibility directly with the school board.
All Hamilton school catchments →Licensed Childcare Nearby
- 6
- Licensed centres nearby
- 0.4km
- Closest centre
- 4
- CWELCC
- 4
- Before & after careBefore & after programs
About Durand
View Durand on Market →Who lives here
A snapshot of this home’s immediate area — the census dissemination area it sits in.
- 49%
- Homeowners
- 41%
- Households with kids
- $88,000
- Median income
- 39
- Median age
More about this area
- 2
- Avg. household size
- 62%
- University degree
- 17%
- Newcomers (immigrants)
StatCan 2021 Census · this home’s dissemination area (DA 35250392). Values are randomly rounded by Statistics Canada for privacy.
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Data sources & legal disclosures
Listing data is provided by the Toronto Regional Real Estate Board (TRREB) and PropTx under the Internet Data Exchange (IDX) program. The information is deemed reliable but is not guaranteed accurate by TRREB, PropTx, CREA or DistrictIQ Inc., Brokerage, may not reflect the most current status, and is subject to errors, omissions, prior sale, change, or withdrawal without notice. Listings should be independently verified.
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