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$2,999,000Asking Price

81 Hamilton Street N, Hamilton, ON L0R 2H0

Waterdown, Hamilton

Multiplex
12
Bedrooms
12
Baths
10
Parking
Days on Market

Welcome to this exceptional investment opportunity in the heart of Waterdown. This meticulously maintained 6-plex has been proudly owned and cared for by its original owner, offering investors a truly turnkey asset with strong cash flow and outstanding upside potential.Each of the six spacious 2 bedroom units offers generous living space, well-sized bedrooms, and the convenience of in-suite laundry. The property is currently generating impressive income, with excellent potential to increase rental revenue as units turn over to new tenants. Parking is plentiful, with space for up to 10 vehicles and the potential to secure additional parking through the neighbouring property. Operating expenses are kept to a minimum, as tenants are responsible for landscaping, snow removal, garbage removal, and their own utilities, no gas bills, no hot water tank rentals, all are owned allowing the building to run with minimal owner involvement. This is a rare opportunity to own a well-maintained, income-producing property in one of Waterdown's most desirable locations. Zoned C5 Mixed Use Medium Density this property offers a variety of commerical, retail, and residential future uses.

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Welcome to this exceptional investment opportunity in the heart of Waterdown. This meticulously maintained 6-plex has been proudly owned and cared for by its original owner, offering investors a truly turnkey asset with strong cash flow and outstanding upside potential.Each of the six spacious 2 bedroom units offers generous living space, well-sized bedrooms, and the convenience of in-suite laundry. The property is currently generating impressive income, with excellent potential to increase rental revenue as units turn over to new tenants. Parking is plentiful, with space for up to 10 vehicles and the potential to secure additional parking through the neighbouring property. Operating expenses are kept to a minimum, as tenants are responsible for landscaping, snow removal, garbage removal, and their own utilities, no gas bills, no hot water tank rentals, all are owned allowing the building to run with minimal owner involvement. This is a rare opportunity to own a well-maintained, income-producing property in one of Waterdown's most desirable locations. Zoned C5 Mixed Use Medium Density this property offers a variety of commerical, retail, and residential future uses.

Key Info

  • 2-Storey Multiplex
  • 4+ Parking
  • No Garage
  • West on Dundas St - North on Hamilton St
  • 5000 + Approximate Sq Feet
  • 31-50 Years Approximate Age
  • No Ensuite Laundry
  • Baseboard Electric Heating

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $10,120 in 2025

Details

  • Brick Exterior
  • No Fireplace
  • 6 Kitchens
  • Physically Handicap Equipped
  •  
  • MLS #X13579458
  • Royal LePage Real Estate Services Ltd., Brokerage

Extras

Room Floor Dimensions Details
1 Kitchen Ground
Washroom4 4-Piece Bathrooms
Washroom4 4-Piece Bathrooms on Ground Floor
Washroom2 4-Piece Bathrooms
Washroom2 2-Piece Bathrooms

Who lives here?

Waterdown, Hamilton is a west GTA neighbourhood notable for its university grads, executives, business, science and education, law & public sector professionals and salespeople. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 15 to 19 and adults aged 30 to 54.

Families

Kids Per Family

1.2

kids per family
in the neighbourhood.

Hamilton  (1.2)

Singles

36% of residents are
single and loving it.

36% singles

Hamilton (46%)

Renters

15% of residents
are renters.

15% renters

Hamilton (32%)

Education

38% of residents are
university grads.

38% university grads

Hamilton (28%)

Income

Average Household Income

$151K

is the average household
income in the neighbourhood.

Hamilton  ($106K)

Professions

Professions

Sales 16%
Business 12%
Government 11%
Management 10%
Trades 8%

Immigrants

16% of residents were
born outside of Canada.

16% immigrants

Hamilton (25%)

Birthplace - All

UK was once home to 3.2% of immigrants.
India 1.2%
Caribbean 0.9%
USA 0.8%
Poland 0.7%

3.2% from UK
All-time

Birthplace - Recent

UK was once home to 0.5% of immigrants.
India 0.3%
USA 0.3%
Poland 0.2%
Southern Africa 0.1%

0.5% from UK
Recent

Foreign Languages

Foreign Languages

French 1%
Italian 1%
Polish 1%
Punjabi 1%
Spanish 1%

Religions

Religions

Christian 67%
Jewish 1%
Muslim 1%
Sikh 1%
Hindu 1%