176 Walter Avenue S Hamilton, Ontario L8K 3L2

$624,900

Welcome to this solid brick bungalow in East Hamilton, offering 1,032 sq. ft. of well-maintained living space and strong upside for future rental income. This property is an excellent opportunity for investors or owner-occupiers looking to offset their mortgage with potential secondary income. The main floor features updated windows and doors, a renovated bathroom with spa tub and rain shower, and a practical layout that appeals to long-term tenants and end users alike. A separate side entrance significantly enhances the property’s income potential, offering flexibility for a future in-law suite or secondary unit. Select basement images have been virtually staged to illustrate the income possibilities. Buyer to verify permitted use. Recent capital improvements help protect cash flow by minimizing near-term expenses, including a roof and eavestroughs with gutter protection (2014), high-efficiency furnace and A/C (2020), water heater (2018), and washer and dryer (2023). Located in a high-demand rental area, this property benefits from an elementary school one block away, high school minutes down the road, and quick access to the Red Hill Expressway, transit, parks, shopping, and daily amenities — all key drivers of consistent tenant demand. With the ability to generate future secondary income, reduce ownership costs, and build long-term equity, this is a compelling investment opportunity in a popular East Hamilton neighborhood. (id:48469)

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https://www.realtor.ca/real-estate/29161647/176-walter-avenue-s-hamilton