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MLS® X13450158
Hamilton, ON
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.
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.
Broker
EXP REALTY
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Investment
413 - 415 King Street W Hamilton
Hamilton
Type
Investment
Parking
None
Property Tax
~$8,875/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
5300 sqft
Parking
None
Finances
List Price
$1,499,999
Price per SQFT
$283/sqft
Property Tax
~$8,875/yr
Property Specs
Property Type
Investment
MLS Size
5300 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Hamilton
Listed On
Jun 16, 2026
Days on Market
Current: 145 days
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