Hassan Nouman
295 Locke Street S, Hamilton, ON L8P 4C3, Hamilton, ON
+7 photos
$1,098,000

295 Locke Street S, Hamilton, ON L8P 4C3, Hamilton, ON

Hamilton, ON L8P 4C3
4 beds 3 baths Detached

About this home

FRONT PAD PARKING HAS BEEN APPROVED AND WILL BE INSTALLED BY THE SELLER! Absolutely Stunning, fully renovated multi-family home on highly sought-after Locke Street South that CAN EASILY CONVERT INTO A GRAND 6 BEDROOM SINGLE FAMILY HOME! This exceptional property is truly a must see! Offering 2.5 beautifully finished above ground floors, with two separate entrances to each of the above-ground floors and with an additional separate basement entrance, it gives this property so many different options and possibilities. Use as a current multi-family home. Live on one or two of the levels while renting out the others for a strong, easy income stream, or enjoy it as a very spacious 6 bedroom grand single family home. At the rear, you'll find an incredibly private setting with no homes behind and three walkout decks, one off each floor, offering peaceful views and enjoying your own quiet urban oasis. This home features brand new hardwood flooring throughout with an open-concept main floor boasting ceilings over nine feet high, enhancing the already spacious and grand feel. Oversized windows throughout the home flood the space with natural light. Extensive renovations include a new roof, new windows and doors, new kitchens, new hardwood flooring throughout, new ductwork, new central air conditioning, all new stainless steel kitchen appliances and so much more. Ideally located just steps from trendy restaurants, outdoor cafés, and all the vibrant amenities Locke Street South is known for. A rare opportunity in an unbeatable location, definitely worth a look.

Property Score

53/ 100
Overall Property Score
fair

A blend of both buyer and investor metrics.

Score breakdown
Walkability
65/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
70/100great
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
144% of city avgpoor
Priced above Hamilton's average of $765,000.
Appreciation Trend
+1.8%/yrgreat
Hamilton has seen +1.8% YoY price change.
Monthly Cash Flow
-$3,015/mopoor
Estimated -$3,015/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
2.32%fair
Net operating income divided by purchase price.
Basement Suite Potential
+$1,440/moexcellent
Existing/legal suite estimated at $1,440/mo additional income.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13044958
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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