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:60365)
| MLS® Number | X12774136 |
| Property Type | Multi-family |
| Community Name | Stinson |
| ParkingSpaceTotal | 8 |
| BathroomTotal | 7 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| CoolingType | None |
| ExteriorFinish | Stucco, Stone |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 3 |
| SizeInterior | 5000 - 100000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 121 Ft |
| SizeFrontage | 52 Ft |
| SizeIrregular | 52 X 121 Ft |
| SizeTotalText | 52 X 121 Ft |
| ZoningDescription | D5 |
https://www.realtor.ca/real-estate/29343305/25-west-avenue-s-hamilton-stinson-stinson
Abdellah Majd
Salesperson