27 ONTARIO Avenue, Hamilton, Ontario, L8N2X1

Property Description

Exceptional multi-residential investment opportunity featuring 5 units in a prime central Hamilton location. Situated steps to the Downtown Core, West Harbour GO Station, Hamilton General Hospital, public transit routes, shops, and restaurants, and within close proximity to the Bruce Trail access points, Wentworth Stairs, and surrounding bike trails, this property benefits from strong tenant demand and long-term growth potential while offering exceptional walkability and outdoor amenities. The building’s existing architecture and layout provide flexibility for future renovation or reconfiguration, offering the potential to increase bedroom count and optimize rental income. Featuring 9–20 ft ceilings, skylights, units with private outdoor terraces, separately metered services, and individual hot water tanks for each unit, the property delivers strong functionality and long-term operational efficiency. A rare highlight is the 7–8 car parking area, providing added convenience for tenants, enhancing rental appeal, and creating potential additional income opportunities in a high-density urban neighbourhood where parking is limited. Could also be ideal for a family, couple, or professional owner-occupier looking to live in one unit while offsetting mortgage carrying costs, with potential for short-term rental use subject to municipal regulations. Ideal for investors seeking a stable, income-producing asset with upside through value-add improvements in one of Hamilton’s evolving urban pockets. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Bedrooms: 6 (5 above, 1 below)
• Bathrooms: 5
• Living Area: 4,917 sq ft (456.8 m²)
• Above Grade: 4,917 sq ft (456.8 m²)
• Ownership: Freehold
• Attached: No
• Parking: 7 spaces (Open)
• Frontage: 55 ft (16.8 m)

Costs

• Annual Taxes: $7,618.68

Listing Provided by: Michael St. Jean Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.