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About the Listing 184004 -
Positioned in one of Hamilton Mountain's most sought-after pockets, this clean and well-managed 9-unit apartment building offers a turnkey investment opportunity with stable income and long-term upside. Ideally located just steps to the brow, transit, and everyday amenities, the property consistently attracts quality, reliable tenants drawn to both convenience and lifestyle. The building features a strong and desirable unit mix including six 2-bedroom units, two 1-bedroom units, and one bachelor suite-appealing to a broad tenant demographic. Nine surface parking spaces provide added convenience and value for residents. With separate hydro meters, operational efficiency is enhanced while keeping expenses predictable. Pride of ownership is evident throughout, with a solid maintenance history including a boiler replacement (2011) and a brand new roof (2025). Terrazzo flooring in the stairwells adds a durable, classic touch to the common areas. The property benefits from low vacancy and steady performance, generating a net income of $124,077.08 and a 4.85% cap rate. This is an excellent opportunity for investors seeking a well-located, income-producing asset in a high-demand rental market. Limited in-person viewings (1-2 units) prior to accepted offer, subject to availability.
Listing Highlights
Status
Active
Days on Site
31
Property Type
Multi-Family
MLS ®
X13065096
Year Built
Total Square Footage
5,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 14
- Bathrooms: 9 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Finished
- Other: Separate Heating Controls,9 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Flat
- Others: Park,Public Transit,School
- Sewer: Sewer
- Parking Features: No Garage
Financial Details
- Tax Amount: $21,695
- Taxes w/Assessments: N/A
- Tax/Property ID: 169970187
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
1254 Fennell Ave E Hamilton, ON L8T 1T4
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