Duplex for sale - Hampstead

$1,745,000  

Discover an exceptional opportunity to invest in a beautifully renovated and meticulously maintained duplex with a bachelor in the highly desirable community of Hampstead. Ideally located in the heart of the neighborhood right next to Aldred Park, this property delivers outstanding flexibility and enduring value.

Each unit boasts expansive, sun-filled interiors with large windows that flood the living areas with natural light, creating a warm and inviting atmosphere. The thoughtfully designed layouts offer ample room for everyday living and entertaining. Whether you are an investor seeking a turnkey asset or an owner-occupant looking for a comfortable residence with substantial income potential, this property is perfectly suited for you, boasting a gross revenue of $95,400/year.

Steps away from places of worship, lush green spaces, and top-tier hospitals. Surrounded by excellent public and private schools (in both official languages). Enjoy immediate access to public transit and the vibrant shopping, dining, and entertainment scenes of Royalmount, Queen Mary, and Monkland Village.

Three fully renovated units currently generating $95,400 annually:

* 57 Aldred (Ground Floor + Basement): 3 bedrooms, 2 bathrooms, a fully finished basement, and a beautiful private backyard. Rented at $4,000/month.
* 55 Aldred (Upper Duplex): 3 bedrooms + and 2 bathrooms. Rented at $3,200/month.
* 57A Aldred (Bachelor): Fully renovated and optimized bachelor unit. Rented at $750/month.

All three units were comprehensively updated to modern standards:

* Kitchens & Baths: Custom-designed kitchens with new appliances, plus brand-new bathrooms featuring custom vanities in all units.
* Flooring: New oak engineered floors over new sub-flooring (Durastrand).
* Basement: New concrete slab poured, finished with Dricore sub-flooring and engineered oak floors.
* Systems: Fully updated plumbing and electrical systems.
* Comfort & Efficiency: New insulation installed on all exterior walls.
* Acoustics: High-quality soundproofing installed between the ground floor and second-floor units.
* Lighting & Finishes: Fully repainted with over 100 recessed lights added throughout the building.

Major capital expenditures have already been taken care of:

* Roof replaced in 2018.
* Comprehensive piling work completed in 2010 (a total of 48 piles stabilizing the entire building and the adjoining neighbor), plus a French drain installed around the building perimeter.
* New exterior doors (front and back). New windows on the side and rear of the property (front windows updated in 2010).
* Brick repointing completed on the back wall in 2019. Facade masonry was previously redone by the prior owner.
* Driveway was completely repaved in 2019.