203 John Street N Hamilton, Ontario L8L 4P4
$499,000
Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal. (id:49269)
Property Details
| MLS® Number | X13094994 |
| Property Type | Multi-family |
| Community Name | Beasley |
| Equipment Type | Water Heater |
| Features | Lane |
| Parking Space Total | 1 |
| Rental Equipment Type | Water Heater |
| Structure | Patio(s), Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 5 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Water Meter |
| Basement Development | Finished |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a, N/a (finished), N/a |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Stucco |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 1,500 - 2,000 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 80 Ft ,10 In |
| Size Frontage | 16 Ft ,3 In |
| Size Irregular | 16.3 X 80.9 Ft |
| Size Total Text | 16.3 X 80.9 Ft|under 1/2 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 3.2 m | 3.33 m | 3.2 m x 3.33 m |
| Second Level | Kitchen | 3.1 m | 2.69 m | 3.1 m x 2.69 m |
| Second Level | Primary Bedroom | 4.44 m | 2.72 m | 4.44 m x 2.72 m |
| Second Level | Bedroom | 2.64 m | 3.28 m | 2.64 m x 3.28 m |
| Basement | Utility Room | 2.11 m | 3.78 m | 2.11 m x 3.78 m |
| Basement | Kitchen | 2.69 m | 5.46 m | 2.69 m x 5.46 m |
| Basement | Bedroom | 2.69 m | 5.46 m | 2.69 m x 5.46 m |
| Basement | Laundry Room | 1.98 m | 2.95 m | 1.98 m x 2.95 m |
| Main Level | Kitchen | 3.2 m | 3.56 m | 3.2 m x 3.56 m |
| Main Level | Living Room | 3.2 m | 5.05 m | 3.2 m x 5.05 m |
| Main Level | Bedroom | 3.05 m | 3.63 m | 3.05 m x 3.63 m |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29714323/203-john-street-n-hamilton-beasley-beasley
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May 07 2026 02:33:59
London and St. Thomas Association of REALTORS®
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