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$ 999,900
Est. payment /mo
Active Under Contract
27 Ontario AVE Hamilton, ON L8N 2X1
5 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active Under Contract
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Stinson
MLS Listing ID X12796100
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $7,618
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Exceptional multi-residential investment opportunity featuring 4 units in a prime central Hamilton location. Situated steps to the Downtown Core, West Harbour GO Station, Hamilton General Hospital, public transit routes, shops, and restaurants, and within close proximity to the Bruce Trail access points, Wentworth Stairs, and surrounding bike trails, this property benefits from strong tenant demand and long-term growth potential while offering exceptional walkability and outdoor amenities. The building's existing architecture and layout provide flexibility for future renovation or reconfiguration, offering the potential to increase bedroom count and optimize rental income. Featuring 9-20 ft ceilings, skylights, units with private outdoor terraces, separately metered services, and individual hot water tanks for each unit, the property delivers strong functionality and long-term operational efficiency. A rare highlight is the 7-8 car parking area, providing added convenience for tenants, enhancing rental appeal, and creating potential additional income opportunities in a high-density urban neighbourhood where parking is limited. Could also be ideal for a family, couple, or professional owner-occupier looking to live in one unit while offsetting mortgage carrying costs, with potential for short-term rental use subject to municipal regulations. Ideal for investors seeking a stable, income-producing asset with upside through value-add improvements in one of Hamilton's evolving urban pockets.
Location
Province ON
County Hamilton
Area Hamilton
Zoning D
Rooms
Family Room No
Basement Full, Finished, Separate Entrance
Kitchen 5
Separate Den/Office 1
Interior
Interior Features None
Cooling None
Inclusions Refrigerator x 5, Stove x5
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 55.0
Lot Depth 90.0
Total Parking Spaces 7
Building
Foundation Stone
Others
Senior Community No
ParcelsYN No
Listed by MICHAEL ST.JEAN REALTY INC.
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