1254 FENNELL Avenue East, Hamilton, Ontario L8T1T4
Listing courtesy of RE/MAX Escarpment Realty Inc..
- $2,599,900
- 14
- BD
- 9
- BA
- 7,503
- SqFt
- List Price
- $2,599,900
- MLS®
- 40823176
- Days on Market
- 87
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Bedrooms
- 14
- Bathrooms
- 9
- Living Area
- 7,503
- Subdivision
- 253 - Huntington
Property Description
Positioned in one of Hamilton Mountain’s most sought-after pockets, this clean and well-managed 9-unit apartment building offers a turnkey investment opportunity with stable income and long-term upside. Ideally located just steps to the brow, transit, and everyday amenities, the property consistently attracts quality, reliable tenants drawn to both convenience and lifestyle. The building features a strong and desirable unit mix including six 2-bedroom units, two 1-bedroom units, and one bachelor suite—appealing to a broad tenant demographic. Nine surface parking spaces provide added convenience and value for residents. With separate hydro meters, operational efficiency is enhanced while keeping expenses predictable. Pride of ownership is evident throughout, with a solid maintenance history including a boiler replacement (2011) and a brand new roof (2025). Terrazzo flooring in the stairwells adds a durable, classic touch to the common areas. The property benefits from low vacancy and steady performance, generating a net income of $126,077.08 and a 4.85% cap rate. This is an excellent opportunity for investors seeking a well-located, income-producing asset in a high-demand rental market. Proforma available upon request. (id:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- 253 - Huntington
- Parking Spaces
- 9
- Cooling
- None
- Country
- Canada
- Sewer
- Municipal sewage system
- Heating
- Baseboard heaters
- Lot Features
- Paved driveway, Laundry- Coin operated
- Total Number Of Units
- 9
- Stories
- 3
