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. (id:4069)
Address
25 WEST Avenue S
List Price
$1,650,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
7
Bathrooms
7
Floor Area
4,800 Sq. Ft.
Year Built
1910
MLS® Number
40803671
Listing Brokerage
Revel Realty Inc.
Basement Area
Full (Partially finished)
Postal Code
L8N2S2
Zoning
E
Site Influences
Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Features
Cul-de-sac, Paved driveway, Laundry- Coin operated
