25 WEST Avenue South, Hamilton, Ontario L8N2S2
Listing courtesy of Revel Realty Inc..
- $1,575,000
- 7
- BD
- 7
- BA
- 4,800
- SqFt
- List Price
- $1,575,000
- MLS®
- 40840824
- Days on Market
- 84
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Bedrooms
- 7
- Bathrooms
- 7
- Living Area
- 4,800
- Subdivision
- 142 - Corktown
Property 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:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- 142 - Corktown
- Parking Spaces
- 8
- Cooling
- None
- Country
- Canada
- Sewer
- Municipal sewage system
- Community Features
- High Traffic Area, Community Centre
- Heating
- Radiant heat
- Lot Features
- Cul-de-sac, Paved driveway, Laundry- Coin operated
- Total Number Of Units
- 7
- Stories
- 3
