See all 44 photos
44 photos
REQUEST A TOUR
$1,575,000
Est. payment /mo
7 Beds
7 Baths
4,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 4800
Square Footage 4,800 sqft
Price per Sqft $328
Subdivision 142 - Corktown
MLS® Listing ID 40840824
Bedrooms 7
Year Built 1910
Property Sub-Type Freehold
Appx SqFt 4800
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features No
Community Features High Traffic Area, Community Centre
View Y/N No
Attached Garage No
Total Parking Spaces 8
Garage No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Read Less Info
Listed by Revel Realty Inc.
Nearby School & Business
Get More Information