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$ 1,650,000
Est. payment | /mo
7 Beds
7 Baths
$ 1,650,000
Est. payment | /mo
7 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Stinson
MLS Listing ID X12774136
Style 3-Storey
Bedrooms 7
Annual Tax Amount $11,060
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Solid 7-unit investment opportunity in Hamilton's desirable Corktown neighbourhood. The property consists of six oversized one-bedroom + den units and one (non-conforming) 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.
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
Pool None
Roof Type Flat
Lot Frontage 52.0
Lot Depth 121.0
Total Parking Spaces 8
Building
Foundation Stone
Others
ParcelsYN No
Listed by REVEL REALTY INC.
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