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$1,699,900
Est. payment /mo
16 Beds
8 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Stipley
MLS Listing ID X12315632
Style 3-Storey
Bedrooms 16
Building Age 51-99
Annual Tax Amount $18,695
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Great investment opportunity for those seeking reliable returns in Hamiltons rapidly growing east end. This solid, purpose-built 8-unit apartment building features all spacious 2-bedroom units, appealing to a broad range of tenants. Fully leased with stable cash flow, the property is ideally located on Main Street East, steps from future LRT infrastructure, offering excellent visibility, walkability, and ongoing rental demand. Well maintained and efficiently operated, the building includes separate hydro meters, private balconies, a shared laundry room, and reasonable operating costs. Combining desirable unit sizes and growth potential for added value, this is a rare chance to acquire a turnkey, income-producing asset in one of Hamiltons most promising urban corridors.
Location
Province ON
County Hamilton
Community Stipley
Area Hamilton
Rooms
Family Room Yes
Basement Finished
Kitchen 8
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Street Only
Pool None
Roof Type Asphalt Rolled
Lot Frontage 45.66
Lot Depth 90.0
Building
Unit Features Hospital,Park,Public Transit,Rec./Commun.Centre,School
Foundation Unknown
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Listed by EXP REALTY