$1,375,000Asking Price
Welcome to 309 Strathearne Avenue, a fully renovated six-unit residential building in the heart of Hamilton's east end. This exceptional, turnkey investment property is fully tenanted, offering immediate and stable cash flow for investors seeking a low-maintenance addition to their portfolio.The building has undergone recent renovations, enhancing both the interior suites and overall property condition. Each unit is well-maintained, appealing to quality tenants and supporting strong rental demand in this established neighbourhood.At the rear of the property, you'll find a large paved parking lot providing ample on-site parking - a highly desirable feature for tenants. Additional income potential is generated through the convenient coin-operated laundry facilities located within the building.The property is efficiently serviced by a boiler heating system and an on-demand tankless water heater, helping to manage operating costs while ensuring reliable performance.Ideally situated near the Queenston Traffic Circle, the building offers excellent connectivity to major routes. It is also close to public transit options, making it especially attractive for tenants who do not own a vehicle.This is a rare opportunity to acquire a well-maintained, income-producing asset in a strong rental location with solid fundamentals and long-term upside.
Welcome to 309 Strathearne Avenue, a fully renovated six-unit residential building in the heart of Hamilton's east end. This exceptional, turnkey investment property is fully tenanted, offering immediate and stable cash flow for investors seeking a low-maintenance addition to their portfolio.The building has undergone recent renovations, enhancing both the interior suites and overall property condition. Each unit is well-maintained, appealing to quality tenants and supporting strong rental demand in this established neighbourhood.At the rear of the property, you'll find a large paved parking lot providing ample on-site parking - a highly desirable feature for tenants. Additional income potential is generated through the convenient coin-operated laundry facilities located within the building.The property is efficiently serviced by a boiler heating system and an on-demand tankless water heater, helping to manage operating costs while ensuring reliable performance.Ideally situated near the Queenston Traffic Circle, the building offers excellent connectivity to major routes. It is also close to public transit options, making it especially attractive for tenants who do not own a vehicle.This is a rare opportunity to acquire a well-maintained, income-producing asset in a strong rental location with solid fundamentals and long-term upside.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 2 3-Piece Bathrooms in Flat | ||||
| 2 3-Piece Bathrooms | ||||
| 2 3-Piece Bathrooms | ||||
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Homeside, Hamilton is a west GTA neighbourhood notable for its singles, salespeople, tradespeople and manufacturing workers. Residents tend to be younger with a significant number of adults aged 25 to 64.
Kids Per Family
1.1
kids per family
in the neighbourhood.
53%
of residents are
single and loving it.
53% singles
Hamilton (46%)
27%
of residents
are renters.
27% renters
Hamilton (32%)
7%
of residents are
university grads.
7% university grads
Hamilton (28%)Average Household Income
$73K
is the average household
income in the neighbourhood.
Professions
| Sales | 17% |
| Trades | 14% |
| Business | 8% |
| Manufacturing | 7% |
| Government | 4% |
12%
of residents were
born outside of Canada.
12% immigrants
Hamilton (25%)1.7% from UK
All-time
0.2% from Philippines
Recent
Foreign Languages
| French | 2% |
| Italian | 1% |
| Spanish | 1% |
| Portuguese | 1% |
| Vietnamese | 1% |
Religions
| Christian | 54% |
| Muslim | 1% |
| Sikh | 1% |
| Buddhist | 1% |