$1,499,900Asking Price
Exceptional investment opportunity at 42 Ray St S, Hamilton for the discerning investor - a fully-permitted triplex featuring two 2-bedroom, 2-storey units and one 3-bedroom, 2-storey unit, each thoughtfully designed and professionally renovated in 2023. All major systems upgraded: new HVAC (with separate NEST thermostats), spray foam insulation, LED lighting, separate hydro, gas & water meters, and new 2" water service. Extra soundproofing between and within units. High-quality finishes throughout, including new solid red oak staircases, quartz countertops, custom kitchens & baths, Moen fixtures, and upgraded appliances (6 per unit). Tenants enjoy high ceilings, abundant natural light, private Bell high-speed WiFi, keypad locks, and parking for 5 (plus a detached garage!). EV charging-ready, exterior cameras, and professionally managed for peace of mind. Utility capacity also supports a future ADU if desired. This is a rare, turn-key multi-family asset in a desirable, central Hamilton location. Fully tenanted at market rents with A+++ tenants. Perfect for investors seeking a premium, low-maintenance property with strong rental appeal and modern amenities.
Exceptional investment opportunity at 42 Ray St S, Hamilton for the discerning investor - a fully-permitted triplex featuring two 2-bedroom, 2-storey units and one 3-bedroom, 2-storey unit, each thoughtfully designed and professionally renovated in 2023. All major systems upgraded: new HVAC (with separate NEST thermostats), spray foam insulation, LED lighting, separate hydro, gas & water meters, and new 2" water service. Extra soundproofing between and within units. High-quality finishes throughout, including new solid red oak staircases, quartz countertops, custom kitchens & baths, Moen fixtures, and upgraded appliances (6 per unit). Tenants enjoy high ceilings, abundant natural light, private Bell high-speed WiFi, keypad locks, and parking for 5 (plus a detached garage!). EV charging-ready, exterior cameras, and professionally managed for peace of mind. Utility capacity also supports a future ADU if desired. This is a rare, turn-key multi-family asset in a desirable, central Hamilton location. Fully tenanted at market rents with A+++ tenants. Perfect for investors seeking a premium, low-maintenance property with strong rental appeal and modern amenities.
See MoreRoom | Floor | Dimensions | Details | |
---|---|---|---|---|
1 3-Piece Bathroom on Main Floor | ||||
1 4-Piece Bathroom on Main Floor | ||||
2 4-Piece Bathrooms | ||||
1 4-Piece Bathroom | ||||
1 4-Piece Bathroom |
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Strathcona, Hamilton is a west GTA neighbourhood notable for its singles, renters, university grads and education, law & public sector professionals. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of adults aged 25 to 44.
Kids Per Family
1.1
kids per family
in the neighbourhood.
60%
of residents are
single and loving it.
60% singles
Hamilton (46%)
59%
of residents
are renters.
59% renters
Hamilton (32%)
36%
of residents are
university grads.
36% university grads
Hamilton (28%)Average Household Income
$71K
is the average household
income in the neighbourhood.
Professions
Sales | 13% |
Government | 9% |
Business | 8% |
Trades | 6% |
Management | 5% |
33%
of residents were
born outside of Canada.
33% immigrants
Hamilton (25%)2.3% from Vietnam
All-time
0.4% from Syria
Recent
Foreign Languages
Arabic | 3% |
Portuguese | 3% |
Somali | 3% |
Vietnamese | 2% |
French | 2% |
Religions
Christian | 55% |
Muslim | 9% |
Buddhist | 3% |
Sikh | 1% |