Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for.
Sold for $820,000
C$820,000
480 King William St, Hamilton, ON L8L 1R3
5beds
1,816sqft
Single Family Residence, Residential
Built in ----
3,100 Square Feet Lot
$-- Zestimate®
C$452/sqft
C$3,272 Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
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C$3,272/mo
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C$3,272/mo
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C$3,467/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Matthew Greiner, Salesperson,
Royal LePage Signature Realty
Source: ITSO,MLS®#: 40685264Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 1
- Main level bedrooms: 1
Other
- Description: Carpet Free
- Features: Carpet Free
- Level: Main
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Third
Bedroom
- Level: Basement
Bathroom
- Description: combines with In-suite Laundry
- Features: 3-Piece
- Level: Main
Bathroom
- Features: 3-Piece
- Level: Second
Bathroom
- Features: 3-Piece
- Level: Third
Bathroom
- Features: 3-Piece
- Level: Basement
Kitchen
- Level: Main
Kitchen
- Level: Second
Kitchen
- Level: Third
Other
- Level: Basement
Living room
- Level: Main
Living room
- Level: Third
Other
- Level: Second
Utility room
- Level: Basement
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Water Heater Owned, Dishwasher, Dryer, Hot Water Tank Owned, Range Hood, Refrigerator, Stove, Washer
- Laundry: In-Suite
Features
- Separate Hydro Meters
- Windows: Window Coverings
- Basement: Full,Finished
- Has fireplace: No
Interior area
- Total structure area: 2,382
- Total interior livable area: 1,816 sqft
- Finished area above ground: 1,816
- Finished area below ground: 566
Property
Parking
- Total spaces: 6
- Parking features: Asphalt, Gravel, Front Yard Parking, Lane/Alley Parking, Private Drive Double Wide
- Uncovered spaces: 6
Features
- Patio & porch: Deck, Porch
- Frontage type: South
- Frontage length: 28.58
Lot
- Size: 3,100 Square Feet
- Dimensions: 108.5 x 28.58
- Features: Urban, Rectangular, Paved, Public Transit, Schools
Details
- Parcel number: 171800115
- Zoning: R1A
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2.5 Storey
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Vinyl Siding
- Foundation: Stone
- Roof: Asphalt Shing
Condition
- 100+ Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Community
- Security: Carbon Monoxide Detector, Carbon Monoxide Detector(s)
Location
- Region: Hamilton
Financial & listing details
- Price per square foot: C$452/sqft
- Annual tax amount: C$4,371
- Date on market: 2/7/2025
- Inclusions: Carbon Monoxide Detector, Dishwasher, Dryer, Hot Water Tank Owned, Range Hood, Refrigerator, Stove, Washer, Window Coverings, Other, Existing: 4 Stoves, 4 Fridges, 4 Range Hood Fans, 4 Dishwashers, 3 Stacked Washer Dryers, One White Top Loading Washer
- Exclusions: Tenants Possessions
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2025 | Sold | C$820,000-21.9%C$452/sqft |
Source: ITSO #40685264 Report a problem | ||
| 1/14/2025 | Price change | C$1,050,000-4.5%C$578/sqft |
Source:  TRREB #X11892618 Report a problem | ||
| 12/13/2024 | Listed for sale | C$1,100,000C$606/sqft |
Source: TRREB #X11892618 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Landsdale
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Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
- Ontario
- Hamilton Division
- Hamilton
- L8L 1R3
- Landsdale
- 480 King William St
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