Custom-Built Legal Triplex Property with Oversized Garage & Exceptional Versatility! Welcome to 87 Owen Place — a rare opportunity to own a beautifully designed custom triplex in a prime east Hamilton location, perfect for multi-generational living or savvy investors looking for a total turn-key property w/ strong rental income. This unique property features three spacious, self-contained units, each thoughtfully laid out with quality finishes and modern touches. The middle and lower units offer expansive living spaces ideal for larger families, while the upper unit serves as a perfect option for extended family, guests, or rental income. Each unit includes its own laundry, updated kitchens and bathrooms, and generous natural light throughout. But that’s not all — this property also boasts a massive detached second garage, perfect for hobbyists, tradespeople, or anyone needing ample storage, workshop space, or future development potential. Situated on a quiet street with mature trees and just minutes from Red Hill Valley Parkway, parks, schools, and shopping — this property offers unmatched flexibility, space, and value. The extra Greenbrook lot and Garage building is one of the strongest features of the property as it has potential for future development — be it subdivided or just renovated into a 1500 sq. ft. home on the same property. It has its own double wide driveway, is insulated, has a gas forced air furnace, electricity, and an attic fan for cooling. Currently, it is rented for $1,820 per month for storage, providing an excellent return on investment for a bonus building. Current NOI: $113,601.04 (id:4069)
Address
87 OWEN Place
List Price
$1,699,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
7
Bathrooms
5
Floor Area
5,370 Sq. Ft.
Year Built
2021
MLS® Number
40747318
Listing Brokerage
RE/MAX Escarpment Realty Inc.
Basement Area
Full (Finished)
Postal Code
L8G2H3
Zoning
c
Site Influences
Park, Public Transit, Schools, Shopping
