55 Young Street

Introducing a remarkable investment opportunity: a Multi-Family Home for sale in Hamilton , situated at 55 Young Street, Hamilton. This legal triplex is nestled in the thriving Corktown neighbourhood, a community known for its vibrancy and accessibility. With three self-contained, separately metered units, this property is an ideal choice for investors or end-users seeking a reliable source of cash flow with the assurance of a well-maintained asset.

At 55 Young Street, Hamilton, you will find a well-structured 3-storey multiplex building, constructed of sturdy brick, which not only enhances its aesthetic appeal but also ensures durability. The property boasts a total of nine rooms, including four spacious bedrooms and three bathrooms, making it a versatile option for various tenant needs. Each unit is equipped with its own kitchen, with a total of three kitchens throughout the property, ensuring convenience and privacy for all residents.

This Multi-Family Home for sale in Hamilton is designed with tenant comfort in mind. The main floor features a 1-bedroom unit that is also zoned for various retail uses, offering potential for additional income. The second floor houses a 2-bedroom unit, while the third floor includes another 1-bedroom unit. Each unit is equipped with its own furnace and hot water tank, allowing tenants to manage their own utilities, which keeps operating costs remarkably low.

One of the standout features of this property is the central air conditioning, ensuring a comfortable living environment throughout the year. Additionally, the presence of a fireplace adds a touch of warmth and charm to the living spaces, making them even more inviting. While there is no central vacuum system or family room, the layout of the units provides ample space for tenants to enjoy their privacy and comfort.

The property is also equipped with a walk-up basement featuring a separate entrance, providing easy access and potential for additional storage or utility space. The lot measures 26 X 70 feet, offering a manageable outdoor area without the burden of excessive maintenance. However, it is important to note that there is no garage space or driveway, and parking is limited, which may be a consideration for potential tenants.

Major capital upgrades have already been completed, including a new roof installed in 2024, updated plumbing and electrical systems, and a steel fire escape to ensure compliance with fire codes. This means that the new owner can enjoy peace of mind knowing that the property is in excellent condition and ready for immediate occupancy.

The location of this Multi-Family Home for sale in Hamilton at 55 Young Street, Hamilton, is unbeatable. Just a four-minute walk to the Hamilton GO Centre and a six-minute walk to St. Joseph's Hospital, this property is perfectly situated for commuters and healthcare professionals alike. The surrounding area is rich with amenities, including restaurants, pubs, and various services, all within easy reach. Furthermore, a mere ten-minute stroll will take you to the bustling heart of Downtown Hamilton, making this a top-tier rental location.

In summary, this Multi-Family Home for sale in Hamilton at 55 Young Street, Hamilton, represents a turn-key, low-maintenance investment opportunity in one of the city’s most walkable and vibrant neighbourhoods. With a strong unit mix, major upgrades already completed, and a prime location, this property is poised to attract a variety of tenants looking for convenience and comfort. Don’t miss out on this exceptional opportunity to invest in a property that promises both cash flow and peace of mind.

Corktown, nestled in the heart of Hamilton, is a vibrant and historic neighbourhood that seamlessly blends urban charm with a strong sense of local identity. Known for its striking Victorian architecture and tree-lined streets, Corktown offers a unique living experience with a rich cultural heritage. Residents enjoy easy access to a variety of amenities, including quaint cafes, artisanal shops, and lush parks, making it an ideal spot for those who appreciate both convenience and community spirit. With its close proximity to the downtown core and a growing arts scene, Corktown is a delightful place for anyone looking to immerse themselves in the dynamic life of Hamilton.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs for families. The closest option is Queen Victoria Elementary School, just 0.4 km away, offering English instruction for grades JK to 8, with a school rating of 3.4. For secondary education, Westdale Secondary School is situated 2.8 km from the property, providing grades 9 to 12 with a commendable rating of 6.8. Families seeking French-language education can consider Earl Kitchener Elementary School and Norwood Park Elementary School, located 1.9 km and 2.4 km away, respectively, though Earl Kitchener has a notably low rating of 0. In addition, St. Francis Xavier CES, a Catholic elementary school with a higher rating of 7.2, is only 0.8 km away, while Cathedral CSS, a Catholic secondary school rated 4.2, is 1.7 km from the property. Overall, the area boasts a variety of public and Catholic schools, ensuring that families have access to quality education in both English and French.