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Tyler Verheul

tyler@tylervproperties.ca +1(613) 797-0208

$1,499,999

Est. payment - /mo

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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Strathcona

MLS Listing ID X13450158

Annual Tax Amount $8,875

Tax Year 2026

Property Sub-Type Investment

Property Description

An exceptional opportunity to acquire a well-maintained 18-unit income-producing property in one of Hamilton's rapidly evolving downtown corridors. The building comprises 14 shared accommodation units and 4 bachelor suites, generating over $148,000 in annual gross income with additional upside through future rent growth and operational optimization.Professionally managed and extensively updated, the property features numerous capital improvements, including updated electrical, plumbing, windows, water services, high-efficiency furnaces, upgraded fire safety systems, secure coded entry, high-speed fibre internet, and low-maintenance exterior finishes. Established maintenance and service relationships provide a smooth transition for new ownership.Ideally located on major HSR and GO Transit routes, the property is minutes from Hess Village, Locke Street, Jackson Square, hospitals, parks, restaurants, retail amenities, and Hamilton's downtown core. Its central location supports strong, consistent demand from students, healthcare professionals, and working residents.The surrounding area continues to benefit from significant public and private investment, including new residential developments, hotels, educational facilities, commercial projects, and ongoing downtown revitalization initiatives. The property's proximity to the proposed LRT corridor further strengthens its long-term growth potential.Nearby institutions include McMaster University, Mohawk College, Columbia International College, Brock University's downtown campus, and several healthcare and continuing education facilities, providing access to a deep and stable tenant pool.Offering immediate cash flow, value-add potential, and long-term appreciation prospects, this is a compelling opportunity for investors seeking a strategic asset in a high-growth urban market. Vendor Take-Back (VTB) or private financing may be available for qualified purchasers.

Location

Province ON

County Hamilton

Area Hamilton

Zoning TOC1

Interior

Cooling No

Inclusions All existing appliances owned by the Seller, including refrigerators and microwaves currently located within the units; coin-operated laundry machines; high-speed fibre internet infrastructure and networking equipment; security and coded entry systems; upgraded fire monitoring and safety systems; all existing light fixtures; window coverings owned by the Seller; furnaces, hot water tank and mechanical equipment; maintenance and operational records; and contact information for existing maintenance, repair, and service providers used in the operation of the property.

Exterior

Parking Features None

Utilities Available Yes

Building

Lot Description Building

Others

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More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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413 - 415 King ST W Hamilton, ON L8P 1B5