Eight surface parking spacesWell-maintained common areasAttractive landscaping
Solid 7-unit investment opportunity in Hamilton's sought-after Corktown neighbourhood. This well-maintained asset features six oversized 1-bedroom + den units and one 1-bedroom basement suite, with the larger units offering strong potential for conversion to 2-bedroom layouts, creating a clear value-add opportunity. Current operations generate a 6.1% cap rate based on existing income and expenses, supported by a stable tenant base and consistent rental demand. The property benefits from separately metered hydro, shared laundry facilities, one storage locker, and eight surface parking spaces, including a recently paved rear parking area. Six units feature private balconies with rear fire escape access. Well-maintained common areas and attractive landscaping contribute to tenant retention and curb appeal. Ideally situated in a high-demand rental location close to downtown Hamilton, major transit routes, hospitals, employment centres, and everyday amenities. An excellent opportunity for investors seeking stable cash flow with meaningful upside through future unit optimization and rental growth.
69 days
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20
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1
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Zillow last checked:
Listing updated:
Listed by:
Suzanne Tavares, Salesperson,
Revel Realty Inc.
Source: ITSO,MLS®#: 40840824Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 7
Heating
Radiant
Cooling
None
Appliances
Included: Dryer, Refrigerator, Stove, Washer
Laundry: Coin Operated, In-Suite
Features
Separate Hydro Meters
Basement: Full,Partially Finished
Has fireplace: No
Interior area
Total structure area: 4,800
Total interior livable area: 4,800 sqft
Finished area above ground: 4,800
Property
Parking
Total spaces: 8
Parking features: Asphalt, Outside/Surface/Open
Uncovered spaces: 8
Features
Stories: 3
Exterior features: Balcony, Controlled Entry, Landscaped, Separate Hydro Meters
Frontage type: East
Frontage length: 52.00
Lot
Size: 6,393 Square Feet
Dimensions: 52 x 121
Features: Rectangular, Ample Parking, Cul-De-Sac, City Lot, High Traffic Area, Highway Access, Library, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, Schools, Shopping Nearby