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. The main floor could be consolidated back into one unit for the owner who may want to live in and rent the upper unit. 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.
Address
220 Emerald Street N
List Price
$429,900
MLS® Status
New
Expiration Date
2026-04-30
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Hamilton
Sub-Area
Landsdale
Bedrooms
2
Bedrooms (Total)
2
Rooms Above Grade
8
Bathrooms
3
Floor Area
1100-1500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
95.85
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
23.58
Parcel Number
171840165
Occupant Type
Tenant
Cross Street
Barton St. E.
Approx. Age
100+ Years
MLS® Number
X12697068
Listing Brokerage
ROYAL LEPAGE NRC REALTY
Basement Area
Full, Unfinished
Postal Code
L8L 5K8
Posession Details
immediate w/tenant
Parking
Lane, Private Double
Parking Places (Total)
2
Parking Spaces
2
Tax Amount
$2,490.00
Tax Year
2025
Interior Features
Accessory Apartment, Water Heater Owned
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Aluminum Siding, Brick Veneer
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PLAN 235 PT LOT 10
Waterfront
No
Sewer
Sewer
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