25 West Avenue S Hamilton, Ontario L8N 2S2

$1,575,000

SSolid 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:19593)

Property Details

MLS® Number	40840824
Property Type	Multi-family
Amenities Near By	Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features	High Traffic Area, Community Centre
Features	Cul-de-sac, Paved Driveway, Laundry- Coin Operated
Parking Space Total	8

Building

Bathroom Total	7
Bedrooms Total	7
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Constructed Date	1910
Cooling Type	None
Exterior Finish	Other, Stone, Stucco
Foundation Type	Stone
Heating Type	Radiant Heat
Stories Total	3
Size Interior	4,800 Ft2
Utility Water	Municipal Water

Parking

Open

Land

Access Type	Highway Access
Acreage	No
Land Amenities	Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	121 Ft
Size Frontage	52 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	E

https://www.realtor.ca/real-estate/29917842/25-west-avenue-s-hamilton