UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $396
MLS Listing ID 40733883
Bedrooms 12
Abv Grd Liv Area 5,550
Annual Tax Amount $23,422
Property Sub-Type Multi Family
Source Hamilton - Burlington
Property Description
Proudly owned and meticulously cared for by the same family for over 60 years, this property reflects pride of ownership and long-term stability. Investors will appreciate the building's consistent cash flow, low vacancy rate, and strong rentability, supported by the area's proximity to transit, shopping, schools, healthcare facilities, and major commuter routes.
Highlights:
12 total units (11 x 1-bedroom, 1 x bachelor).
Well-maintained structure and systems with decades of attentive ownership.
Excellent location on the Hamilton Mountain – known for its safety, amenities, and strong tenant demand.
Upside potential in rental income with gradual tenant turnover.
Ample parking and on-site laundry for added tenant appeal.
Fully tenanted with room to grow revenue over time.
Whether you're a seasoned investor or looking to expand your portfolio with a reliable and appreciating asset, this building offers long-term value, stable income, and future growth potential. Properties like this don't come to market often – seize this chance to invest in one of Hamilton's strongest residential rental corridors.
Location
Province ON
County Hamilton
Area 25 - Hamilton Mountain
Zoning E
Direction Lincoln Alexander Parkway to Upper Gage to Fennel Ave
Rooms
Basement Partial, Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Natural Gas, Radiator
Cooling None
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Laundry Coin Operated
Exterior
Exterior Feature Controlled Entry
Parking Features Asphalt, Mutual/Shared
Roof Type Flat
Lot Frontage 50.0
Lot Depth 150.0
Garage No
Building
Lot Description Rectangular, Greenbelt, Highway Access, Hospital, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Quiet Area, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Trails
Faces Lincoln Alexander Parkway to Upper Gage to Fennel Ave
Story 3
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 169960012
Ownership Freehold/None
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Doug Folsetter
Sales Representative | License ID: 4729737
Sales Representative License ID: 4729737