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$ 2,199,999
Est. payment /mo
New
1284 FENNELL Avenue E Hamilton, ON L8T1T5
12 Beds
12 Baths
5,550 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $396
Subdivision 253 - Huntington
MLS® Listing ID 40733883
Bedrooms 12
Property Sub-Type Freehold
Source Cornerstone - Hamilton-Burlington
Property Description
Welcome to an exceptional opportunity to acquire a well-maintained 12-unit multi-residential building in one of Hamilton Mountain's most desirable neighborhoods. This rare investment gem features 11 spacious one-bedroom units and 1 bachelor unit, ideal for the strong rental demand in a highly sought-after area. Proudly owned and meticulously cared for by the same family for over 60 years, this property reflects pride of ownership and long-term stability. Investors will appreciate the building's consistent cash flow, low vacancy rate, and strong rentability, supported by the area's proximity to transit, shopping, schools, healthcare facilities, and major commuter routes. Highlights: 12 total units (11 x 1-bedroom, 1 x bachelor). Well-maintained structure and systems with decades of attentive ownership. Excellent location on the Hamilton Mountain – known for its safety, amenities, and strong tenant demand. Upside potential in rental income with gradual tenant turnover. Ample parking and on-site laundry for added tenant appeal. Fully tenanted with room to grow revenue over time. Whether you're a seasoned investor or looking to expand your portfolio with a reliable and appreciating asset, this building offers long-term value, stable income, and future growth potential. Properties like this don't come to market often – seize this chance to invest in one of Hamilton's strongest residential rental corridors. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Cooling None
Exterior
Parking Features No
Community Features Quiet Area, Community Centre, School Bus
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://listings.northernsprucemedia.com/sites/qamrpan/unbranded
Listed by RE/MAX Escarpment Realty Inc.
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