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$2,295,000
Hamilton
374 Highway 8, Hamilton (Stoney Creek), Ontario, L8G2E8
This multi-family property in Hamilton is for sale offering roughly 4,250 sq ft of space. It has been on the market 9 days, fresher than the Hamilton average of 54 days.
Luxury Meets Investment Potential in the Heart of Stoney Creek Welcome to this under-2-year-old custom-built showpiece offering approx. 5,800 sq ft of total living space and exceptional income potential. This fully legal duplex features 5self-contained units, each with private entrances and kitchens, generating $11,200/month in rental income-all units currently tenanted under contract. Designed for both lifestyle and cash flow, this property is ideal for investors or end-users looking to live in one unit while earning strong passive income. The main and second levels each offer spacious 3-bedroom suites with open-concept layouts, soaring ceilings, engineered hardwood flooring, and high-end finishes. The second floor also features a wraparound veranda and private balcony. The third-floor unit provides a stylish studio retreat with rooftop access and breathtaking views. The lower level is fully optimized with 2 separate units-a 2-bedroom suite and a self-contained studio, maximizing rental flexibility and income potential. Situated on a premium lot with a 1.5-car garage and parking for up to 10 vehicles, plus a large concrete patio and fenced yard. Located on a main road with easy access to transit, shopping, schools, and amenities, all while enjoying stunning escarpment views. A rare turnkey opportunity offering scale, style, and serious income. Live richly. Earn passively. Own with pride. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 9 days on market, against an average age of 54 days across the listings currently for sale in this city
This 9-bed multi-family in Hamilton (Stoney Creek) has been listed for 9 days, which is 45 days fresher than the city average of 54. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,295,000, about 29.8× the local median household income of $77,000.
Carrying it typically needs a household income of about $448,294 (20% down, 25-yr amortization, stress-tested) — roughly 482% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8G)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.