About This Property

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.

Building & Size

Building Area

5300 Square Feet

Property Sub-Type

Investment

Property Use

Accommodation

Location

Cross Street

King St W and Peal St S

Entry Direction

Queen Street South to King Street WestQUEEN STREET SOUTH TO KING STREET WEST

City

Hamilton

Neighbourhood

Strathcona

County / Region

Hamilton

Province

ON

Postal Code

L8P 1B5

Country

CA

Lot

Lot Size

6490.63 Feet

Lot Width (ft)

26.5

Lot Depth (ft)

133.5

Lot Type

Building

Interior & Systems

Heat Type

Gas Forced Air Closed

Cooling

No

Utilities

Yes

Parking & Access

Garage Type

None

Lease & Financials

Transaction Type

For Sale

Occupant

Tenant

Possession

Flexible

Possession Details

Flexible

HST

Included In

Annual Tax (TMI)

$8,875.00

Tax Type

Annual

Tax Year

2026

Listing Info

MLS Status

New

Contract Status

Available

Listed By

EXP REALTY

Board

Toronto Regional Real Estate Board

Showing Requirements

See Brokerage Remarks, Showing System, List Salesperson

Listing Expiry

2026-12-16

Assessment Year

2026