1284 Fennell Ave E,Hamilton, ON L8T
Hamilton, ON L8T
Description
Welcome to an exceptional opportunity to acquire a well-maintained 12-unit multi-residential building in one of Hamilton Mountains most desirable neighbourhoods. 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 buildings consistent cash flow, low vacancy rate, and strong rentability, supported by the areas proximity to transit, shopping, schools, healthcare facilities, and major commuter routes. Highlights: 12 total units . 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.
Details
| MLS # | X12181430 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 24 |
| Listing Provided By | RE/MAX ESCARPMENT REALTY INC. | X12181430 184004 |
Features
| SQ Feet | 5,550 |
|---|---|
| Acreage | 0.13 |
Interior
| Cooling | No |
|---|
Taxes
| Property | 23422 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8T |
| Area | Huntington |
| Listing VS Median (in L8T) | |
Price: $2,199,999 low | high Med: $1,998,000 SqFt: 5,550 low | high Med: 14,500 $ / SqFt: $396 low | high Med: $138 On site: 24 low | high Med: 2.000000 | |
