$499,000Asking Price
203 John Street N, Hamilton, ON L8L 4P4
Beasley, Hamilton
Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal.
Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal.
See MoreKey Info
- 2.5-Storey Duplex
- 1 Parking
- No Garage
- Robert Street and John St North
- 1500-2000 Approximate Sq Feet
- 100+ Years Approximate Age
- No Ensuite Laundry
- Forced Air Gas Heating
- Central Air
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $3,525 in 2025
- Possession: Flexible
Details
- Brick Exterior
- No Fireplace
- 3 Kitchens
- MLS #X13094994
- PRIME REAL ESTATE BROKERAGE
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 10.50' x 11.68' | |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
Beasley, Hamilton is a west GTA neighbourhood notable for its singles, renters and salespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of babies, youth aged 20 to 24 and adults aged 25 to 39.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Singles
64%
of residents are
single and loving it.
64% singles
Hamilton (46%)Renters
79%
of residents
are renters.
79% renters
Hamilton (32%)Education
25%
of residents are
university grads.
25% university grads
Hamilton (28%)Income
Average Household Income
$54K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 17% |
| Trades | 7% |
| Business | 6% |
| Government | 6% |
| Health | 4% |
Immigrants
36%
of residents were
born outside of Canada.
36% immigrants
Hamilton (25%)Birthplace - All
2.3% from Philippines
All-time
Birthplace - Recent
0.8% from Syria
Recent
Foreign Languages
Foreign Languages
| Somali | 4% |
| Portuguese | 4% |
| Spanish | 3% |
| Arabic | 3% |
| Cantonese | 2% |
Religions
Religions
| Christian | 52% |
| Muslim | 12% |
| Buddhist | 5% |
| Hindu | 3% |
