For Sale · MLS# X12815236
Active
$799,900
641 LIMERIDGE ROAD E
4Bedrooms 2Bathrooms 1,100Sq Ft

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About this home
Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there's no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential. Concept proposed: Buyer to develop three triplex buildings totaling 9 residential units. Development has not yet been approved. Buyer to complete all required applications and obtain necessary approvals. (id:66036)
Property facts
- Property type
- House
- Building type
- House
- Living area
- 1,100 sqft
- Lot size
- 80 x 156 FT
- Lot frontage
- 80 ft
- Lot depth
- 156 ft
- Basement
- N/A (Finished), N/A, Full Finished
- Heating
- Natural gas Forced air
- Cooling
- Central air conditioning
Listing courtesy of
RE/MAX ESCARPMENT REALTY INC.
Listed by: TOBIAS RICHARD SMULDERS
Phone: (905) 545-1188
The trademarks REALTOR®, REALTORS® and MLS® are controlled by The Canadian Real Estate Association (CREA). Listing data via CREA DDF®.