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$2,700,000
1 Baths X13037898 MLS
Welcome to the Avon Theatre, one of Hamilton's most iconic landmarks, now available for the first time in over a decade. Originally opened on June 16, 1941 as the 770-seat Avalon Theatre, this roughly 8,400 sqft building sits on Hamilton's premier Ottawa Street corridor with 50' frontage and C5a zoning, permitting entertainment, hospitality, restaurant, retail and more. The building retains stunning original character: professionally polished concrete floors, restored Vitrolite glass, exposed brick, and a fully restored marquee with LED lighting and programmable timers. The theatre space features soaring 20' ceilings, new dimmable lighting throughout, and a fully equipped stage with a dedicated electrical panel and power outlets. Capital improvements include a new roof (2010), 600V 3-phase electrical service, full lobby restoration, including plaster and neon tube repair with new transformers, two new hot water tanks, and a 2012 lobby furnace. The marquee and Avon signage have been fully restored and painted to match the original design. Located in the heart of Ottawa Street's thriving commercial district, Hamilton's premier destination for antiques, design, food and culture, this property benefits from strong foot traffic, an active BIA, and a community that deeply values this building's place in the city's history. The Avon character benefits from a historical recognition without any physical restrictions. Whether its future holds a film studio, event venue, performing arts space, brewery, or restaurant - the bones are here and the infrastructure is ready.

195 Ottawa Street N, Hamilton

$2,699,999
X13551262 MLS
Introducing an Exceptional Opportunity in Hamilton's Sherman Community, Strategically Located Near The Burgeoning Crown Point Area. This Substantial 20,600 Square Foot Solid Commercial Building Boasts A Rich History As A Former School And Currently Holds The Coveted M5 Zoning Classification, Permitting A Diverse Array Of Applications, Including But Not Limited To Trade School, Manufacturing, Warehousing, Production Studio, Automotive, And Truck Repairs. Within Its Walls, You'll Discover Generously-Sized Classroom Spaces Ranging From 400-800 Square Feet, As Well As A Spacious Area That Once Served As A Gymnasium And Warehouse With Convenient Outdoor Access. This Property Presents An Enticing Prospect For Investors And Entrepreneurs Seeking To Capitalize On A Prime Location And A Myriad Of Possible Business Ventures. Don't Miss Out On This Remarkable Chance To Secure A Valuable Asset And Unlock A World Of Potential. Act Now And Pave The Way To A Prosperous Future!

337 Gage Avenue, Hamilton

$2,395,000
X13474682 MLS
Turnkey mixed-use investment opportunity featuring 9 units, including 8 residential suites (2 x 1-bedroom, 6 x 2-bedroom) and 1 approximately 1,000 SF ground-floor commercial unit, ideally situated along the high-exposure Barton Street East corridor. Completed under CMHC's MLI Select Energy Program, the Property has undergone an extensive renovation and capital improvement program, including a new roof, updated plumbing, electrical, windows, in-suite heat pumps, a high-efficiency tankless boiler, and a restored exterior façade. As part of the energy retrofit, six of the eight residential units were completely gutted to the studs, reframed, reinsulated, drywalled, and fully renovated, representing a substantial investment. One of the remaining unrenovated units will become vacant in July, while the commercial space is currently vacant. Offered at an attractive 5.5% cap rate at the asking price. Purchaser must assume the existing first mortgage of approximately $1.87M at a 4.45% fixed interest rate with a 40-year amortization, providing highly attractive in-place financing. An exceptional opportunity to acquire a substantially upgraded, low-maintenance investment asset with stable cash flow and favourable long-term financing.

1052 Barton Street E, Hamilton

$1,799,900
X13652752 MLS
An exceptional turn-key investment opportunity situated on a prominent, high-visibility corner in one of Hamilton's most established commercial corridors. Spanning over 7,100 total square feet, this fully tenanted, mixed-use asset features over 2,500 square feet of ground-floor retail across two active commercial units, complemented by six residential apartments above. The property offers immediate, diversified cash flow with compelling value-add upside through future unit turnover and rental growth in a proven urban market. Positioned at the gateway to a bustling neighborhood retail strip and supported by the surrounding Crown Point East and Delta residential communities, the location enjoys strong pedestrian activity and key east-west transit connectivity via Cannon Street East. Ongoing local reinvestment, streetscape improvements, and residential intensification continue to strengthen the long-term appeal of this premier asset. Perfectly suited for private investors seeking stable income paired with potential for enhanced returns.

182 Ottawa Street N, Hamilton

$879,000
9 Beds 5 Baths X12864292 MLS
Fully Tenanted Investment Opportunity in Crown Point, Hamilton. Rare opportunity to acquire a renovated five-plex that consists of a semi-detached three-bedroom home, two 2 bedroom and two one bedroom units. Property is in one of Hamilton's most sought-after neighbourhoods. With over $150,000 in updates completed in 2025, this property offers turnkey stability, immediate income, and meaningful upside potential. The property consists of two attached buildings. The primary four-unit building features two fully renovated main-floor suites with modern kitchens, stainless steel appliances, updated bathrooms, and new flooring. All five units are currently tenanted, providing reliable cash flow from day one. A fully renovated two-storey, three-bedroom semi-detached home adds premium rental appeal. Located just two blocks from vibrant Ottawa Street, tenants enjoy easy access to shops, restaurants, Centre Mall, and Gage Park, with convenient connectivity to the Red Hill Valley Parkway and QEW. An ideal opportunity for investors seeking a strong income property in a high-demand rental area with additional upside.

224 Rosslyn Avenue N, Hamilton

$854,999
6 Beds 3 Baths X13614794 MLS
Unique Legal Triplex with Future Growth Potential! Looking to add a solid income property to your portfolio? Seller Financing Available* This legal triplex offers three self-contained, above-grade units with private entrances and the potential to add a fourth unit (Accessory Dwelling Unit), subject to City approvals and setback requirements.The spacious main floor unit features three bedrooms plus a den that could easily serve as a fourth bedroom, along with a full kitchen and bright living room-perfect for an owner-occupier or premium rental income.A second separate one-bedroom apartment on the main floor offers a functional layout with its own kitchen and living room, while the upper-level one-bedroom suite includes a separate den/home office, kitchen, living room and 3-piece bath. Common shared laundry. Two of the units are vacant, providing an excellent opportunity to set market rents or live in one unit while generating rental income from the others. Walking distance to Ottawa St, close to downtown Hamilton, transit, shopping, schools, hospitals and major commuter routes, this property offers immediate income today with excellent upside potential for tomorrow.Whether you're a seasoned investor or buying your first income property, this is an opportunity worth exploring.

54 Frederick Avenue, Hamilton

$799,900
6 Beds 4 Baths X13199076 MLS
Turnkey 4-unit property in a prime pocket of Hamilton providing an exceptional opportunity for investors seeking strong cashflow and a low maintenance property. 70 Belview Ave provides a well-balanced unit mix of 2 spacious 1-bedroom apartments and 2 generously sized 2-bedroom units, all thoughtfully designed and modernized within the last five years to attract and retain quality tenants.This solid asset has been extensively improved with major capital upgrades including new electrical and plumbing (2016), providing peace of mind and reduced maintenance for years to come. Two hydro meters, allow for efficient expense management and increased net income, while a detached garage adding additional value and potential for extra rental income or tenant convenience. This property generates substantial positive monthly cash flow as it's currently operating, cash in your pocket every month! Located in a highly accessible and amenity-rich neighbourhood, residents enjoy close proximity to shopping, dining, schools, parks, and public transit. Quick access to major routes and downtown Hamilton makes commuting a breeze, while nearby green spaces and local attractions enhance tenant appeal and lifestyle.A rare, low-maintenance investment opportunity in a growing market, add this strong performer to your portfolio with confidence.

70 Belview Avenue, Hamilton

$799,000
X12460181 MLS
Prime Ottawa St North Building with vacant restaurant space and vacant bachelor apartment above. Flexible C5a zoning allows for a variety of uses. Former home of Beach Road and Dunav Meats, and seen in season 2 of the Umbrella Academy! The 3000ft2 main level features an open kitchen and dining area, 2 accessible washrooms, large storage and prep space and direct access to the rear parking. Additional income potential or live work with the 2nd level bachelor apartment. Full height 1223ft2 basement offers opportunities for commissary kitchen and additional storage/prep space. New flat roof with transferable warranty installed Dec 2024,. New electrical, plumbing, fire suppression, ventilation, hood, all 2015-2016. 2 car parking at rear. Do not miss out, book your showing today!

201 Ottawa Street N, Hamilton

$779,900
X13628224 MLS
Mixed-Use Investment Property Across from Centre Mall - Crown Point, Hamilton. Well-maintained mixed-use investment property located directly across from Centre Mall in Hamilton's highly desirable Crown Point neighbourhood. The property features approximately2,000 sq. ft. of ground-floor commercial space, currently operating as a short-term rental and in good condition. This versatile space offers excellent potential for additional income, owner occupancy, or a variety of commercial uses (subject to applicable zoning and approvals). Situated in one of Hamilton's most vibrant and sought-after communities, the property is within walking distance of shopping, restaurants, public transit, and everyday amenities. With stable residential rental income and value-add potential from the commercial space, this is an outstanding investment opportunity. Conveniently located just minutes from major highways. Free public parking is available directly across the street, with an additional municipal parking lot located one block away.

1292 Barton Street E, Hamilton

$749,000
7 Beds 4 Baths X13137572 MLS
THE ULTIMATE HOUSE HACK OR TURNKEY INVESTMENT! This exceptional property features two separate, legal homes on one lot, situated just steps from the vibrant shops and restaurants of Ottawa Street. The front residence is aspacious 2.5-story home offering 4 bedrooms, 1.5 baths, and a full basement. It has been extensively modernized with a2026 refresh including a new kitchen with stainless appliances, updated flooring, trim, interior doors, and lighting, plus new exterior soffits, eaves, and fascia. The rear home is a 2-story dwelling with 3 bedrooms, 1.5 baths, and a finished basement featuring a secondary living room. Recent updates to the back house include a high-efficiency heat pump and AC (2023) and new main floor flooring and paint (2026). Outdoor highlights include a long 3-car driveway and a fully fenced backyard, perfect for privacy between units. Both homes are equipped with their own basements and separate gas and hydro meters, ensuring tenants pay their own utilities. Live in one and let the other pay your mortgage, or rent both in this prime Hamilton location!

131 Park Row N, Hamilton

$689,999
6 Beds 9 Baths X12542304 MLS
Welcome to 1363-1367 Cannon St. E, an exceptional investment opportunity that hasn't been available for over 40 years. This well-maintained property offers 2397 sq ft of living space and is zoned as a Triplex (323), featuring 5 self-contained units in total. Situated in a highly desirable area with a high walk score, the location is unbeatable. Within walking distance, you'll find the bustling Center Mall, trendy Ottawa Street, and a variety of amenities, making this property incredibly convenient for tenants. The building consists of three floors, with each unit offering a functional layout. The first floor contains 2 units: Unit 1 features a kitchen, living room, bedroom, and a 4-piece bathroom, while Unit 2 offers a similar setup but also includes an additional 2-piece bath. The second floor has 2 more units: Unit 3, which is currently vacant and ready for new tenants, includes a kitchen, living room, bedroom, and 4-piece bath, while Unit 4 has a kitchen, bedroom, and 4-piece bath. The third floor features Unit 5, with a kitchen, living room, bedroom, and 4-piece bath, providing additional rental income potential. The property also includes a utility room and storage space in the basement, offering added convenience. With parking for 3 cars, tenants will enjoy the practicality of dedicated parking spaces in a busy neighborhood. This is an excellent opportunity for investors seeking a property that offers solid income potential in a highly sought-after location. After being under the same ownership for over four decades, this property is now available for the first time, offering a rare chance to capitalize on its long-term value.

1367 Cannon Street E, Hamilton

$680,000
4 Beds 3 Baths X13541340 MLS
102 Rosslyn Avenue N, Hamilton is an investment property within a portfolio. A five-door rooming house with a self-contained basement unit, offered at a 6.10% in-place cap rate on current rents. This property generates $54,660 in gross annual rent and $41,460 NOI, with one door currently vacant and ready for immediate lease-up. The upper floors offer four main rooms, one with a private bath, above a separate 2-room basement unit with its own layout. Recent capital upgrades - a new water heater and furnace, in-suite washer and dryer, and central heat and A/C - mean minimal near-term capital outlay for a new owner, and 2-car parking adds a rentable amenity. Four of the five upstairs doors are already month-to-month, giving a new owner substantial room to reset rents to market across the upper unit on standard notice. The separate basement unit is currently vacant and available for immediate lease-up at an asking rent of $1,350/month, adding a distinct income stream that can be repositioned independently of the rest of the property.

102 Rosslyn Avenue N, Hamilton

$674,900
2 Baths X12896846 MLS
Excellent opportunity for a live/work setup along a busy transit corridor with strong daily traffic and visibility. This two-storey commercial retail building features a bright, renovated ground floor retail space with a convenient main floor washroom, making it ideal for a variety of business uses. The second level includes a two-bedroom residential apartment with a full bathroom, providing comfortable on site living or potential rental income. A full height basement offers generous storage space and additional flexibility for the property. Zoned T0C1, the property supports a wide range of commercial and retail uses. It also benefits from future growth in the area, situated along the proposed LRT route and just steps from the planned 975 unit redevelopment at the former Delta High School site. With excellent exposure to both pedestrian and vehicle traffic, 1345 Main Street East presents a strong opportunity to live, work, and invest in a rapidly evolving corridor.

1345 Main Street, Hamilton

$668,000
X13170056 MLS
Prime Opportunity on Hamilton's Future LRT Route with TOC1 zoning! Discover this professionally renovated mixed-use gem in a high-traffic hotspot. This 2-storey building blends commercial versatility with residential appeal, offering 3 levels of turnkey potential for investors or owner-occupiers. **Commercial Space (Main Floor & Basement):** The 1,000 sq ft main floor is a blank canvas for retail, food service, or office use, featuring forced air HVAC with 3 tons of AC, HRV for fresh air, and plumbing roughins for flexible layouts. Electrical is install-ready for your needs. Descend to the expansive basement with tall ceilings, ductless heat pump, 2 public washrooms, a staff area with kitchen rough-ins, and a full 4-piece bath-ideal for additional income via separate entrance. New gas/electric HVAC, HRV, and 2 hot water tanks serve these levels seamlessly. **Residential Upper Unit:** Bright and open-concept 2-bedroom suite boasts its own forced air furnace, AC, HRV, and tankless hot water heater for efficiency. Access via new staircase and balcony, with separate street entrance for privacy. **Upgrades & Utilities:** Fully modernized with new plumbing, electrical (200-amp service, option for 346/600- voltequipment), insulation in walls/ceilings, exterior doors, and storefront glass windows. Fire-rated construction, interconnected smoke alarms. 2gas meters (1 main/basement, 1 upper), 1 water meter, 1 electrical meter with separate panels and smart monitoring. New everything ensure slow maintenance. **Parking & Access:** Space for 2 cars (1 main, 1 upper) plus nearby lot options. Separate entrances enhance functionality storefront for commercial, street for residential. Bonus TOC1 zoning allows for a host of additional options and development! Priced for savvy buyers, this property promises strong ROI in a booming area. Don't miss out chedule a viewing today!

1127 Main Street E, Hamilton

$639,999
6 Beds 3 Baths X13576212 MLS
Few properties offer this kind of balance:- a well-maintained income-generating duplex with the footprint, the finishes, and the location to attract quality tenants from day one. This 2.5-storey property in Crown Point has been kept to a standard that shows from the moment you step inside. Both units offer three bedrooms and two storeys of living space - giving each a sense of home rather than suite. The main floor unit has two full bathrooms including full laundry and a main floor bedroom, and a walk-up basement, providing layout flexibility that tenants consistently value. Both units have their own dishwasher. Two parking spaces via the rear laneway round out a package that is genuinely low-friction to manage and easy to lease. The neighbourhood does as much work as the building itself. Gage Park, three other parks, the YMCA, and Bernie Morelli Recreation Centre are all less than 1 kilometre away. Plus the shops along Ottawa Street are steps away too - the kind of daily-life amenities that help keep vacancy low and tenants happy. For commuters, a GO station sits less than four kilometres out. At over 2,000 square feet of living space and move-in/rent-ready, this duplex is the kind of asset that delivers from day one, and a renovation budget or a contractor on speed dial. Book your private showing today!

104 Rosslyn Avenue N, Hamilton

$624,000
4 Beds 3 Baths X13498038 MLS
Charming & Fully Renovated Century Home in Prime Crown Point with 2 parking spaces! Welcome tothis beautifully restored 2.5-story century home in Hamilton's vibrant Crown Pointneighborhood! Thoughtfully updated in 2022-2023 with over $150,000 in upgrades, this move-inready home blends historic character with modern convenience. Step inside to a stunningbrand-new white kitchen featuring stainless steelappliances and updated cabinetry. The home has been completely rewired with a new electricalpanel, new plumbing, and a new furnace & central A/C, ensuring efficiency and comfortyear-round. The main floor boasts a new 2-piece bath, while every bathroom has been tastefullyrenovated. Additional upgrades include new flooring, windows, doors, and shingles. A separateside entrance adds flexibility and the fully fenced backyard with a rear deck offers theperfect space for relaxing or entertaining. Just two blocks west of Ottawa Street, this home iswithin walking distance of boutiques, trendy restaurants, Centre Mall, and Gage Park.Conveniently located just 5 minutes from Red Hill Valley Parkway and QEW, commuting is abreeze. Whether you're a homeowner or investor, this fully upgraded home is a rare find in asought-after neighborhood. Don't miss out-schedule your private showing today. Home iscurrently tenanted A+++ tenants! Offer date July 7, 2026

242 Balmoral Avenue N, Hamilton

$618,000
3 Beds 2 Baths X13591178 MLS
Welcome to this charming well cared for home located in the highly sought after neighbourhood of Crown Point East. This inviting two-storey home with rare extra wide parking has three bedrooms including a large master bedroom featuring a vaulted ceiling and walk-in closet. Enjoy a full jacuzzi tub/shower bathroom along with the convenience of a main floor powder room and laundry. You will find a generous size living room perfect for lounging or entertaining friends and plenty of room for a growing family. Flowing nicely into the welcoming kitchen offering spacious countertops, wall pantry, dishwasher and a walk-out to a covered deck for peaceful sunrise experiences in the large outdoor living space and private backyard. This beautifully manicured retreat has electrical in place for a future hot tub alongside the deck and is surrounded by green plants, colourful flowers, healthy garden and a majestic tree providing shade. It is fully fenced in for your furry friends and has a spacious play area for children and adults alike. The basement is painted white with a separated workshop area, large workbench and a double utility sink for hobby enthusiasts. It also has plenty of shelves and ample space for organizing storage and equipment of all sorts. Steps away, enjoy an unbeatable lifestyle of the vibrant shops, cafes, restaurants, art, local market and businesses along Ottawa Street. Stroll to amazing Gage Park for events and concerts, head out to Tim Hortons Field games to cheer on your favourite team, or nature lovers can venture out to the active trails all in proximity. Perfectly situated, this home is within walking distance to schools, everyday amenities and commuters will appreciate quick access to transit routes, Q.E.W and the Red Hill Parkway. This beautifully maintained home is located conveniently for seizing the many opportunities this property and thriving community has to offer. RSA.

18 Province Street N, Hamilton

$599,900
4 Beds 2 Baths X13578336 MLS
Welcome to this charming 4-bedroom detached home in the heart of Crown Point! Blending timeless character with impressive modern updates, this spacious 1,763 sq ft property features airy 9-foot ceilings and is completely turn-key. Step inside to discover a stunningly renovated kitchen (2024) complete with sleek quartz countertops, beautiful hardwood flooring, and brand-new LED light fixtures (2025) throughout. Elegant California shutters (2023) frame the bright windows, while the fully finished basement (2021) offers fantastic extra living space alongside a dedicated laundry setup featuring a newer washer and dryer (2021). Peace of mind comes easy with a newly replaced roof (2024). Situated on a deep lot, the property boasts a beautifully landscaped backyard with a large deck, perfect for entertaining, plus convenient lane parking for two cars. Best of all, you are within easy walking distance to shopping, restaurants, and the vibrant Ottawa St North, as well as great parks, schools, and transit.

218 Grosvenor Avenue N, Hamilton

$599,000
3 Beds 3 Baths X13150380 MLS
You dont want to miss 103 Edinburgh Ave! Located in the sought-after Crown Point neighbourhoodof Hamilton. Set on a rare oversized lot with wide frontage, this property features a private driveway with parking for up to 6 cars-VERY RARE in this area. The home offers 3 bedrooms and 1.5 bathrooms, with a bright open-concept kitchen and family room on the mainfloor, ideal for everyday living. The finished basement with separate entrance includes 1 bedroom, kitchen, bathroom, and its own laundry, providing excellent in-law or income potential. The property also features two separate laundry sets for added convenience. Close to Ottawa Street, parks, shopping, and amenities, this is a great opportunity for families, investors, or multi-generational living.

103 Edinburgh Avenue, Hamilton

$598,000
3 Beds 3 Baths X13641974 MLS
Located in the highly desirable, family-friendly Gage Park neighbourhood, this fully renovated, custom-designed home is completely move-in ready. Renovated from top to bottom with all work completed under city permits, it offers the perfect blend of modern luxury and quality craftsmanship. The stunning custom kitchen features a waterfall countertop, premium stainless steel appliances, and contemporary finishes, while brand-new flooring, doors, stairs, railings, and designer paint create a fresh, elegant interior. The home also boasts a beautifully upgraded main bathroom, a newly added powder room, and a new three-piece bathroom on the second floor, along with all-new plumbing, completely updated electrical wiring, an upgraded 200-amp electrical panel with an ESA certificate, a new air conditioning unit, enhanced insulation for improved energy efficiency, and a dedicated EV charger receptacle. Exterior upgrades include new siding throughout, a spacious concrete pad in the backyard, new fencing, an inviting front porch, and refreshed landscaping that enhances the home's curb appeal. Conveniently located within walking distance to King Street LRT, Gage Park, schools, the library, community centre, shopping, and other everyday amenities, this exceptional property offers a rare combination of style, comfort, convenience, and peace of mind.

40 Glendale Avenue N, Hamilton

$572,500
3 Beds 2 Baths X13509322 MLS
Set on a prime corner lot in Hamilton's coveted Crown Point, 487 Dunsmure Road is a 3-bed, 1+1-bath home full of character and smart comfort. Beautifully styled interiors blend original charm with modern updates, while an efficient heat pump keeps energy costs low year-round. An open living and dining room anchors everyday life-easy for morning coffee and made for unwinding in the evening-while warm sconce lighting throughout sets the mood from room to room. Three comfortable bedrooms offer restful retreats at day's end. The corner setting delivers a generous side garden with room to entertain, garden, or unwind. With an exceptionally high Walk Score, you're steps from Gage Park, Ottawa Street's shops and cafes, top schools, and transit in one of Hamilton's most walkable, family-friendly neighbourhoods. Move-in ready and rare to market. Welcome home.

487 Dunsmure Road, Hamilton

$549,900
2 Beds 1 Baths X13495608 MLS
Tastefully updated 1 storey bungalow located in popular, established east Hamilton neighbourhood offering close proximity to Hospital, schools, churches, parks, arena/rec complexes, city transit, shopping, eateries plus quick access to Red Hill/The Linc & Mountain exits. This well maintained property has been renovated from "stud's out" - incs new electrical, plumbing, insulation, drywall, bath/light fixtures & cabinetry - completed aprx. 26 years ago - situated on 25ft x 100ft lot fronting on London Street North - plus driveway off Edinburgh Street providing entry to 21ft x 11ft insulated/heated detached garage incs 12ft x 8ft rear extension, asphalt flooring, hydro, roll-up garage door & p/g wall heater. Concrete walk-way leads to front door - once inside, prepare to be pleasantly surprised, as you take in the 775sf open concept main floor design highlighted with comfortable living room enhanced with street facing window - floor plan flows effortlessly to modern kitchen boasts large skylight flooding interior with natural light - sports painted wood cabinetry & SS appliances -continues to sizeable primary bedroom, roomy guest bedroom, chicly appointed 4pc bath & spacious common area ftrs walk-out to 5ft x 15ft covered rear verandah extending to 280sf twin concrete entertainment patios & private fenced yard adorned with gorgeous landscape & flower gardens. Durable vinyl flooring compliment neutral décor with stylish flair. Hi & dry 775sf unspoiled basement houses laundry station, n/gas furnace-2018 equipped with AC/heat pump-2024, 100 amp hydro panel (breakers) & owned n/g water heater - open/airy space is easy to finish - potentially doubling living area square footage. Extras -all appliances, roof-2024, vinyl windows, 2 gas BBQ/Fire Table ports at rear porch, city water line-2024, French-drain weeping tile system, shed & paved drive. Perfect Venue for Young Professionals, Retirees or 1st Time Buyers - do not procrastinate - as he who waits - will be disappointed!

184 London Street N, Hamilton

$505,000
4 Beds 2 Baths X13541324 MLS
12 Mayflower Avenue, Hamilton is an investment property within a portfolio. A single detached home operated as a four-room rental, offered at a 5.61% in-place cap rate on current rents. This fully-tenanted property generates $36,000 in gross annual rent and $28,334 NOI at an asking price of $505,000.The home is configured with 3 bedrooms and a bath upstairs and 1 bedroom on the main floor, plus a bathroom in the basement. Three tenants pay $750/month each in cash rent, while the fourth room is occupied by a tenant who performs maintenance and repairs in lieu of cash rent, valued at the same $750/month - gross rent is shown inclusive of this in-kind arrangement. This property carries the lowest operating-expense load in the portfolio, so every additional dollar of room rent converts to NOI at an unusually high rate. One of the four rooms is already month-to-month, with the remainder repositionable to market as tenancies turn. The detached home sits on its own lot, offering a new owner long-term flexibility - whether continued as a room rental, converted to a single-family lease, or held for appreciation.

12 Mayflower Avenue, Hamilton