Key Facts
- MLS® #: 40803671
- Property ID: SIRC3101066
- Property Type: Residential, Multiplex
- Interior Area: 4,800 sq.ft.
- Year Built: 1910
- Bathrooms: 7
- Parking Spaces: 8
- Listed By:
- Revel Realty Inc.
Property Description
Solid 7-unit investment opportunity in Hamilton’s desirable Corktown neighbourhood. The property consists of six oversized one-bedroom + den units and one-bed suite in the basement, with the six larger units offering excellent potential to be converted into two-bedroom layouts.
Strong in-place income supported by a stable tenant base, reflecting a 5.8% cap rate based on current income and expenses, with additional upside through unit reconfiguration. Separate hydro meters, shared laundry facilities, one storage locker, and eight surface parking spaces, including a recently paved rear lot. Six units offer spacious private balconies with rear fire escape access. Landscaped front yard and well-maintained common areas.
Located in a high-demand rental pocket close to downtown, transit, hospitals, and everyday amenities. Ideal for investors seeking stable income today with clear value-add potential.
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Location
25 West Avenue S, Hamilton, Ontario, L8N 2S2 Canada
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