$90,840 GROSS ANNUAL RENT | $71,929 NET INCOME | 6.86% CAP RATE AT CURRENT LIST PRICE. A compelling opportunity for investors seeking strong cash flow without taking on a major renovation project. Configured & operated as four self-contained rental suites, the property has undergone extensive upgrades, including: new roof & eaves, furnace & A/C, sewer line to the City, updated copper water line, backwater valve, 200-amp electrical service with separated panels, updated plumbing, windows, HVAC distribution, foundation restoration, exterior grading correction, and significant interior renovations. City inspected during permitted renovations for compliance with fire/life-safety upgrades consistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately 2,385 sq ft (MPAC), with in-suite laundry throughout, updated kitchens & bathrooms, and excellent tenant appeal. Located in Corktown steps from Hamilton GO Centre, St. Joseph's Healthcare, parks, the rail trail, Augusta Street restaurants, and downtown. Full income and expense breakdown available.
Property Type:
Residential Income
Property SubType:
Multi-4 Unit
Year built:
1885
(Age: 141)
Listing General Location:
142 - Corktown, 14 - Hamilton Centre
Bedrooms:
3
Bathrooms:
5.0
(Full:-/Half:-)
Lot Size:
1,742 sq. ft.162 m2
Lot Details:
19 x 97.5
Lot Depth:
97'6"29.7 m
Lot Frontage:
19'5.79 m
Frontage Type:
South
Kitchens:
0
County Or Parish:
Hamilton
Features:
Crops Included: No, Garage: No, Inspection ESA: Yes, Inspection Fire: Yes, New Construction: No
Construction:
Brick, Stucco, Vinyl Siding
Basement:
Separate Entrance, Full, Unfinished
Foundation:
Stone
Roof:
Asphalt Shing
Year Roof Replaced:
2016
Number of Storeys:
3
Number of Buildings:
0
Total Floor Area:
2,385 sq. ft.222 m2
Finished Area Above Grade:
2,385 sq. ft.222 m2
Fireplace:
false
Laundry Features:
In-Suite
Water Supply:
Municipal
Water Meter:
Yes
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air, Natural Gas
Age Electric:
2016 and newer
Age Furnace:
2016
Age Plumbing:
2016 and newer
Age Tank:
2019
Other,List Of Total Inclusions In Supplements.
Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer
Tenants' Own Belongings.
Upgraded Insulation
false
No
No
Carbon Monoxide Detector(s), Security System
HST Applicable To Sale Price:
Included
Features:
Crops Included: No, Garage: No, Inspection ESA: Yes, Inspection Fire: Yes, New Construction: No
Electric Expense:
$4,356
Insurance Expense:
$2,589
Expenses:
Actual
Heating Expense:
$2,172
Laundry Income:
$0
Net Income:
$71,928.64
Other Income:
$0
Lease to Own Equipment:
Water Softener
Leases:
Yes
Under Contract Costs Monthly:
$70.83
Zoning:
LMR-2
Total Acres:
0.04
Lot Site Features:
Dog Park, City Lot, Hospital, Park, Place of Worship, Public Transit, Shopping Nearby
Features:
Crops Included: No, Garage: No, Inspection ESA: Yes, Inspection Fire: Yes, New Construction: No
Listed by Real Broker Ontario Ltd. and Keller Williams Complete Realty
Data was last updated November 2, 2026 at 11:50 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$957,450
Min list price:
$649,000
Max list price:
$5,995,000
Avg days on market:
52
Min days on market:
17
Max days on market:
322
Avg price per sq.ft.:
$338.72
These statistics are generated based on the current listing's property type
and located in
14 - Hamilton Centre. Average values are
derived using median calculations. This data is not produced by
the MLS® system.