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$1,575,000
Est. payment /mo
7 Beds
7 Baths
UPDATED:
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
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Listed by REVEL REALTY INC.
Nearby Locations
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