Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
$399,000
Hamilton
105 Cheever Street, Hamilton (Industrial Sector), Ontario, L8L5R8
This multi-family property in Hamilton is for sale offering roughly 1,750 sq ft of space.
Welcome to this fully tenanted 2.5-storey semi-detached duplex in a convenient Hamilton location, offering excellent value at an accessible price point. With two self-contained units already in place, this property presents a strong opportunity for buyers looking to enter the investment market, offset future carrying costs, or secure a multi-unit property with built-in rental income. Unit 1 is located on the main floor, features 2 bedrooms, and is currently rented for $1,525 per month, with access from Burton Street as well as a convenient side entrance from the rear driveway. Unit 2 is accessed from Burton Street and spans the upper levels, offering its own laundry, second-floor living space, and a third-floor/attic area with 1 bedroom on the main upper level and 2 additional bedrooms above, currently rented for $1,799 per month. Together, the property generates a Net Operating Income of approximately $30,969 annually, making it a compelling option for buyers seeking affordability, income support, and long-term upside. The unfinished basement provides useful storage and future potential. Ideally located near Hamilton General Hospital, parks, the library, restaurants, transit, and everyday amenities, this property offers strong value in a central Hamilton neighbourhood. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 155 days on market, against an average age of 70 days across the listings currently for sale in this city
This 5-bed multi-family in Hamilton (Industrial Sector) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $399,000, about 6.1× the local median household income of $65,000.
Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 20% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8L)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
