$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 to confirm 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.
Listed by Real Broker Ontario Ltd. and Keller Williams Complete Realty
Data was last updated October 8, 2026 at 09:50 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$327,900
Min list price:
$199,999
Max list price:
$1,149,000
Avg days on market:
50
Min days on market:
2
Max days on market:
189
Avg price per sq.ft.:
$380
These statistics are generated based on the current listing's property type
and located in
142 - Corktown. Average values are
derived using median calculations. This data is not produced by
the MLS® system.