25 West Avenue S,Hamilton, ON L8N2S2
Hamilton, ON L8N2S2
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:13843)
Details
| MLS # | 40840824 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1910 |
| Days On Site | 124 |
| Listing Provided By | Revel Realty Inc. | Suzanne Tavares |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 4,800 |
| Basement | Y |
| Story(s) | 3 |
| Units | 7 |
| Zoning | E |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant heat |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Cul-de-sac, Paved driveway, Laundry- Coin operated |
|---|---|
| Foundation Details | Stone |
Parking
| Parking Features | Open |
|---|---|
| Parking Total | 8 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 9728 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8N2S2 |
| Community Name | 142 Corktown |
| Listing VS Median (in 142 Corktown) | |
Price: $1,575,000 low | high Med: $209,900 sqft: 4,800 low | high Med: 477 $ / sqft: $328 low | high Med: $440 On site: 124 low | high Med: 70 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8N2S2 |
| Community Name | 142 Corktown |
| Listing VS Median (in 142 Corktown) | |
Price: $1,575,000 low | high Med: $209,900 sqft: 4,800 low | high Med: 477 $ / sqft: $328 low | high Med: $440 On site: 124 low | high Med: 70 | |
