Market activity for 47 Nightingale Street
No listing history available
This is the first time this property is listed
47 Nightingale Street, Hamilton is an investment property within a portfolio. A four-door property combining a room-based upper unit with a self-contained basement suite, offered at a 5.83% in-place cap rate on current rents. This fully-tenanted property generates $46,200 in gross annual rent and $34,950 NOI/Profit. The basement is operated as a 3-room unit with its own living room, kitchen, and bathroom, sitting below a 3-door upper unit. Three of the four doors are already month-to-month, giving a new owner a clear, near-term path to reset rents to market on standard notice without waiting years for turnover. The room-based configuration plus a separate basement unit allows income to be grown door-by-door rather than all at once. 2-car parking at the rear adds a rentable amenity in a parking-constrained lower-city location, with further upside available by renting the spots separately.
18 x 14 Feet
Level: Main
Hardwood Floor, Pot Lights, Combined w/Dining
12 x 10 Feet
Level: Main
Centre Island, B/I Appliances, Quartz Counter
15 x 13 Feet
Level: Upper
5 Pc Ensuite, Walk-In Closet(s), Coffered Ceiling(s)
12 x 11 Feet
Level: Upper
3 Pc Bath, Pot Lights, Walk-In Closet(s)
11 x 10 Feet
Level: Upper
Pot Lights, Hardwood Floor
Provincial Tax (Ontario)
$7,675
