$1,275,000

For sale

119 Ottawa Street North, Hamilton (Crown Point), Ontario, L8H3Y9

12 bd9 ba10 pk3,470 ft²

Listed by RE/MAX REAL ESTATE CENTRE INC.

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$650K

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2,500 ft²Lot size 25 × 100 ft (2,500 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC.

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6 bd3 ba2,250 ft²Lot size 27 × 70 ft (1,865 sq ft)

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Investment analysis

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$1,275,000

Hamilton

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119 Ottawa Street North, Hamilton (Crown Point) - Multi-family for Sale

119 Ottawa Street North, Hamilton (Crown Point), Ontario, L8H3Y9

12 beds8 baths10 parking3,250 ft²60 × 117 ft (7,020 sq ft) lot sizeListed 29 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 3,250 sq ft of space. It has been on the market 29 days, fresher than the Hamilton average of 79 days.

Multi-Family Properties for Sale in Hamilton →All real estate in Hamilton →

Description

Welcome to 119 Ottawa Street North, a multi-unit investment opportunity ideally situated in the heart of Hamilton's vibrant Ottawa Street district. Located in an established and highly accessible neighbourhood, this property offers investors an opportunity to own in one of the city's most recognizable and evolving communities. Tenants can enjoy the convenience of a walkable location just steps from Ottawa Street's popular shops, restaurants, cafés and everyday amenities. Public transit is nearby, with convenient access to major transportation routes, Centre on Barton and Gage Park. An excellent opportunity for investors looking to add a well-located multi-unit property to their portfolio in a neighbourhood that continues to attract residents seeking convenience, character and accessibility. (id:66096)

Property Details

MLS®: X13867358
Property Type: Multi-family
Zoning: C5A
Bedrooms: 12
Beds (above / below): 9 above · 3 below
Bathrooms: 8
Parking: 10
Interior Size: 3,250 ft²
Lot Size: 60 × 117 ft (7,020 sq ft)
Frontage: 60 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $18,331.5/yr
Listed: 29 days ago

Features

Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Hamilton (Crown Point) listings, avg age

79d

Price / ft²

$392

List price

$1.27M

Haho

This 12-bed multi-family in Hamilton (Crown Point) has been listed for 29 days, which is 50 days fresher than the city average of 79. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · MIKE FILIPE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8H)

This home lists at $1,275,000, about 18.2× the local median household income of $70,000.

Carrying it typically needs a household income of about $249,052 (20% down, 25-yr amortization, stress-tested) — roughly 256% above the area median.

Median household income: $70,000
Population: 26,187
Median age: 40
Owner / renter: 66% / 34%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L8H)

$1,275,000· $392/ft²

For sale

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Full Cost Breakdown

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Down Payment8.04% · $102,500.00

Min 8.04%50%

Mortgage payment$6,501/mo

↳ CMHC premium ($46,900 capitalized)

Property tax (est.)$1,528/mo

Total monthly$8,028

Cash Needed to Close

Down payment (8.04%)$102,500

Land transfer tax$21,975

Est. closing costs$6,325

Total cash needed$130,800

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