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$ 1,299,900
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New
2696 UPPER JAMES ST Hamilton, ON L0R 1W0
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Mount Hope
MLS Listing ID X12313251
Style Bungalow
Bedrooms 5
Annual Tax Amount $4,200
Tax Year 2024
Property Sub-Type Detached
Property Description
Prime investment, personal residence, or development opportunity. This spacious and versatile 5-bedroom, 2-bathroom home offers exceptional potential for investors, multi-generational families, or homeowners looking to maximize value. With two full kitchens and two large living rooms, the layout is ideal for rental income, personal use, or extended family living. Situated on an impressive 96 x 429-foot lot, the property provides not only space and privacy but also significant development potential. Whether you're considering future severance, additional dwelling units, or redevelopment (buyer to verify), the lot size opens the door to a wide range of possibilities. Currently leased to AAA tenants, the property generates over $8,000 per month in rental income, which includes revenue from the rear portion of the lot that is also leased. With less than a year remaining on the lease, new ownership will enjoy both strong cash flow and flexibility to pursue future plans. Located close to all major amenities, including shopping, schools, parks, and public transit, this property offers the perfect balance of income, space, and long-term potential. Whether you're looking to invest, live in, or develop, this is a rare opportunity you won't want to miss.
Location
State ON
County Hamilton
Community Mount Hope
Area Hamilton
Rooms
Family Room Yes
Basement Full, Unfinished
Kitchen 2
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Available, Private Triple
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 95.81
Lot Depth 429.08
Total Parking Spaces 7
Building
Foundation Concrete
Listed by RE/MAX ESCARPMENT FRANK REALTY