55 Young Street Hamilton, Ontario L8N 1V1
$824,900
Attention investors!! LEGAL TRIPLEX in Hamilton’s booming Corktown neighbourhood. Fully city-approved with three self-contained, separately metered units. Ideal for investors or end-users seeking cash flow with peace of mind. One long-term tenant in place; two vacant units ready for market rents. Strong unit mix: main floor 1-bedroom (also zoned for various retail uses), second-floor 2-bedroom, and third-floor 1-bedroom - each with its own furnace and HWT. Tenants to pay their own utilities, keeping operating costs low. Major capital upgrades already completed: new roof (2024), updated plumbing and electrical, and a steel fire escape for fire code compliance. A turn-key, low-maintenance asset in one of Hamilton’s most walkable and vibrant neighbourhoods. Just a 4-minute walk to the Hamilton GO Centre, 6-minute walk to St. Joseph’s Hospital, and steps to restaurants, pubs, amenities, and transit. ~10-minute walk to Downtown. A top-tier rental location, perfect for commuters, healthcare professionals, and tenants who want everything outside their front door. (id:59646)
Property Details
| MLS® Number | 40726213 |
| Property Type | Multi-family |
| Neigbourhood | Corktown |
| Amenities Near By | Hospital, Park, Public Transit, Schools, Shopping |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 4 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1910 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2693 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| None |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 70 Ft |
| Size Frontage | 26 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C5 |
https://www.realtor.ca/real-estate/28405862/55-young-street-hamilton
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June 03 2025 12:28:12
REALTORS® Association of Hamilton-Burlington
Real Broker Ontario Ltd.
