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Pemberton Holmes Ltd.

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25 WEST Avenue S
homes for sale · Hamilton · Corktown
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$1,575,000

25 WEST Avenue S

Corktown, Hamilton · MLS® 40840824

778

4,800 sq ft · House · Multi-family · built 1910 · 129 days on market

listed by Suzanne Tavares, Revel Realty Inc.

realtor's description

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.

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property details

type
House, Multi-family
bedrooms
7
bathrooms
7
living area
4,800 sq ft
parking
8
year built
1910
property tax
$9,728 / yr
days on market
129
MLS®
40840824

features

  • Cul-de-sac
  • Paved driveway
  • Laundry- Coin operated
  • High Traffic Area
  • Community Centre

monthly cost

$7,673/mo
Mortgage $6,862 · Tax $811

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$6,862/ monthly
loan $1,260,000
25-year amortization
total interest
$798,637
cash to close
$315,000
down payment; transfer tax and fees not included
total paid
$2,058,637

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Suzanne Tavares
Revel Realty Inc.
call Suzanne · 289-808-3384
Powered by: REALTOR.ca

location

Corktown, HamiltonGoogle Maps ↗

location

Corktown, HamiltonGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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