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Ruth Pedrosa

ruth@rpdrealestate.com +1(416) 998-5478

$ 1,575,000

Est. payment | -/mo

7 Beds

7 Baths

Save

$ 1,575,000

Est. payment | -/mo

Save

7 Beds

7 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Stinson

MLS Listing ID X13471114

Style 3-Storey

Bedrooms 7

Annual Tax Amount $9,728

Tax Year 2025

Property Sub-Type Multiplex

Property Description

Solid 7-unit investment opportunity in Hamilton's sought-after Corktown neighbourhood. This well-maintained asset features six oversized 1-bedroom + den units and one 1-bedroom basement suite, with the larger units offering strong potential for conversion to 2-bedroom layouts, creating a clear value-add opportunity. Current operations generate a 6.1% cap rate based on existing income and expenses, supported by a stable tenant base and consistent rental demand. The property benefits from separately metered hydro, shared laundry facilities, one storage locker, and eight surface parking spaces, including a recently paved rear parking area. Six units feature private balconies with rear fire escape access. Well-maintained common areas and attractive landscaping contribute to tenant retention and curb appeal. Ideally situated in a high-demand rental location close to downtown Hamilton, major transit routes, hospitals, employment centres, and everyday amenities. An excellent opportunity for investors seeking stable cash flow with meaningful upside through future unit optimization and rental growth.Private Remarks:

Location

Province ON

County Hamilton

Area Hamilton

Rooms

Family Room No

Basement Unfinished

Kitchen 7

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Mutual

Pool None

Roof Type Flat

Lot Frontage 52.0

Lot Depth 121.0

Total Parking Spaces 8

Building

Building Age 100+

Unit Features Cul de Sac/Dead End,Library,Park,Public Transit,Rec./Commun.Centre,School Bus Route

Foundation Stone

Others

ParcelsYN Yes

Listed by REVEL REALTY INC.

Nearby Locations

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+1(416) 998-5478

ruth@rpdrealestate.com

25 West AVE S Hamilton, ON L8N 2S2

Ruth Pedrosa

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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25 West AVE S