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 $126,077.08 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. (id:4069)
Address
1254 FENNELL Avenue E
List Price
$2,599,900
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
14
Bathrooms
9
Floor Area
7,503 Sq. Ft.
Lot Size
0.17 Sq. Ft.
Year Built
1960
MLS® Number
40823176
Listing Brokerage
RE/MAX Escarpment Realty Inc.
Basement Area
Full (Finished)
Postal Code
L8T1T4
Zoning
E
Site Influences
Park, Public Transit, Shopping
Features
Paved driveway, Laundry- Coin operated
