25 West Avenue S,Hamilton, ON L8N 2S2
Hamilton, ON L8N 2S2
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.
Details
| MLS # | 40840824 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 72 |
| Listing Provided By | Revel Realty Inc. | Suzanne Tavares |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 4,800 |
| Basement | Y |
| Story(s) | 3 |
| Units | 7 |
| Zoning | E |
| Acreage | 0.15 |
Interior
| Appliances | Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Separate Hydro Meters |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Radiant |
| Heating Yes / No | Yes |
| Laundry Features | Coin Operated, In-Suite |
Exterior
| Exterior Features | Balcony, Controlled Entry, Landscaped, Separate Hydro Meters |
|---|---|
| Lot Features | Rectangular, Ample Parking, Cul-De-Sac, City Lot, High Traffic Area, Highway Access, Library, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, Schools, Shopping Nearby |
| Construction Materials | Stone, Stucco, Other |
| Roof | Asphalt |
| Foundation Details | Stone |
Parking
| Parking Features | Asphalt |
|---|---|
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 9728 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8N 2S2 |
| Area | 14 Hamilton Centre |
| Subarea | 142 Corktown |
| Community Name | 142 Corktown |
| Listing VS Median (in 142 Corktown) | |
Price: $1,575,000 low | high Med: $2,550 sqft: 4,800 low | high Med: 1,049 $ / sqft: $328 low | high Med: $2 On site: 72 low | high Med: 22 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8N 2S2 |
| Area | 14 Hamilton Centre |
| Subarea | 142 Corktown |
| Community Name | 142 Corktown |
| Listing VS Median (in 142 Corktown) | |
Price: $1,575,000 low | high Med: $2,550 sqft: 4,800 low | high Med: 1,049 $ / sqft: $328 low | high Med: $2 On site: 72 low | high Med: 22 | |
