7 Bedroom
7 Bathroom
5,000 - 100,000 ft2
None
Radiant Heat
$1,650,000
Solid 7-unit investment opportunity in Hamilton's desirable Corktown neighbourhood. The property consists of six oversized one-bedroom + den units and one bachelor suite, 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:50976)
Property Details
|
MLS® Number
|
X12774136 |
|
Property Type
|
Multi-family |
|
Community Name
|
Stinson |
|
Parking Space Total
|
8 |
Building
|
Bathroom Total
|
7 |
|
Bedrooms Above Ground
|
7 |
|
Bedrooms Total
|
7 |
|
Basement Development
|
Unfinished |
|
Basement Type
|
N/a (unfinished) |
|
Cooling Type
|
None |
|
Exterior Finish
|
Stucco, Stone |
|
Foundation Type
|
Stone |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Radiant Heat |
|
Stories Total
|
3 |
|
Size Interior
|
5,000 - 100,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
121 Ft |
|
Size Frontage
|
52 Ft |
|
Size Irregular
|
52 X 121 Ft |
|
Size Total Text
|
52 X 121 Ft |
|
Zoning Description
|
D5 |
https://www.realtor.ca/real-estate/29343305/25-west-avenue-s-hamilton-stinson-stinson
