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BEDROOMS7
BATHROOMS7
KITCHENS25
ROOMSX12774136
MLSIDContact Us
Property Description
Solid 7-unit investment opportunity in Hamilton's desirable Corktown neighbourhood. The property consists of six oversized one-bedroom + den units and one (non-conforming) one-bed suite in the basement, 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.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2024-10-01 | 2024-10-18 | 17 | $875,000 | $825,000 |
Property Features
None
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Property Details
Address
25 West Avenue
Community
City
Postal Code
L8N 2S2
Property Type
Multiplex, Multiplex
Zoning
D5
Lot Size
52' x 121'
Taxes
$11,060 (2025
Basement
Unfinished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
8
Garage Type
None
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Listing contracted with Revel Realty Inc.
Welcome to 170-172 Markland Street, Hamilton - a turn-key 6-unit investment property located in the sought-after Durand South neighbourhood of Hamilton West. This well-maintained property features two bachelor units and four two-bedroom units, most with hardwood flooring throughout. The basement offers shared laundry facilities, while the two-car garage provides additional storage or potential for extra rental income. Tenants are solid and units are easy to rent, making this an ideal opportunity for both seasoned investors and those new to multifamily ownership. The property sits on a good-sized lot with a beautifully landscaped front yard that adds great curb appeal. Conveniently located near all amenities, transit, and downtown Hamilton, this property represents a rare opportunity in one of the city's most desirable neighbourhoods. Don't wait on this one - a fantastic income property in a prime location!
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Located in one of the most sought-after neighbourhoods, this well-maintained Fourplex offers a prime opportunity for investors looking for consistent income in a high-demand area. With a total annual rental income exceeding $113,000, this property boasts a strong return on investment and competitive capitalization Rate of 6%. The solid brick building features two 1-bedroom apartments, three 2-bedroom apartments, and one 3-bedroom apartment-each with functional layouts and durable finishes, ensuring long-term tenant satisfaction. Each unit enjoys spacious living areas, parking, ample natural light, coin-operated laundry, and access to nearby amenities, making this building highly desirable. With its unbeatable location close to public transportation, shopping, dining, and recreational areas, this building stands out as an exceptional investment in a thriving community. The solid brick construction and updates including new roof shingles in 2018 and new security system in 2019, provide stability and low maintenance, while the current rental income offers immediate cash flow. Don't miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio.
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