Property Description

Four self-contained units with separate entrances on a tree-lined street in Hamilton's St. Clair neighbourhood. 16 Rutherford Ave is a legal triplex with a fully finished lower level, offering two 2 bedroom units and a 1 bedroom unit above grade plus a second 2 bedroom suite below, for seven bedrooms in all. Two units are tenanted and producing income today. The other two are vacant, giving you something most income properties never offer: the freedom to choose your own tenants, set your own rents, or move in and let the building help carry your mortgage. Fully leased, the property offers a potential cap rate of approximately 7% based on projected rents and current operation costs. Steps from Gage Park and minutes to the shops and cafes of Ottawa Street, the escarpment trails and public transit.