$1,575,000Asking Price
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.Private Remarks:
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.Private Remarks:
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 7 4-Piece Bathrooms | ||||
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Stinson, Hamilton is a west GTA neighbourhood notable for its singles, renters, business professionals, salespeople, tradespeople and manufacturing workers. Residents tend to be younger with a significant number of adults aged 25 to 49, 25 to 49 and 25 to 49.
Kids Per Family
0.9
kids per family
in the neighbourhood.
64%
of residents are
single and loving it.
64% singles
Hamilton (46%)
71%
of residents
are renters.
71% renters
Hamilton (32%)
26%
of residents are
university grads.
26% university grads
Hamilton (28%)Average Household Income
$62K
is the average household
income in the neighbourhood.
Professions
| Sales | 17% |
| Trades | 10% |
| Business | 9% |
| Government | 7% |
| Manufacturing | 6% |
23%
of residents were
born outside of Canada.
23% immigrants
Hamilton (25%)4.9% from Philippines
All-time
1.7% from Philippines
Recent
Foreign Languages
| French | 3% |
| Tagalog | 3% |
| Spanish | 2% |
| Arabic | 1% |
| Portuguese | 1% |
Religions
| Christian | 57% |
| Muslim | 3% |