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$2,599,900
Est. payment /mo
14 Beds
9 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Huntington
MLS Listing ID X13065096
Style 2-Storey
Bedrooms 14
Annual Tax Amount $21,694
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Positioned in one of Hamilton Mountain's most sought-after pockets, this clean and well-managed 9-unit apartment building offers a turnkey investment opportunity with stable income and long-term upside. Ideally located just steps to the brow, transit, and everyday amenities, the property consistently attracts quality, reliable tenants drawn to both convenience and lifestyle. The building features a strong and desirable unit mix including six 2-bedroom units, two 1-bedroom units, and one bachelor suite-appealing to a broad tenant demographic. Nine surface parking spaces provide added convenience and value for residents. With separate hydro meters, operational efficiency is enhanced while keeping expenses predictable. Pride of ownership is evident throughout, with a solid maintenance history including a boiler replacement (2011) and a brand new roof (2025). Terrazzo flooring in the stairwells adds a durable, classic touch to the common areas. The property benefits from low vacancy and steady performance, generating a net income of $124,077.08 and a 4.85% cap rate. This is an excellent opportunity for investors seeking a well-located, income-producing asset in a high-demand rental market. Proforma available upon request. Limited in-person viewings (1-2 units) prior to accepted offer, subject to availability.
Location
Province ON
County Hamilton
Area Hamilton
Zoning E
Rooms
Basement Full, Finished
Kitchen 9
Interior
Interior Features Separate Heating Controls
Cooling None
Inclusions 9 fridges, 9 stoves, 2 washers and 2 dryers. All Electric Light fixtures
Exterior
Parking Features None
Pool None
Roof Type Flat
Total Parking Spaces 9
Building
Building Age 51-99
Foundation Block
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Lited by RE/MAX ESCARPMENT REALTY INC.
Nearby Locations
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