$899,900

For sale

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5 Maplewood Avenue, Hamilton (Blakeley) - Multi-family for Sale

5 Maplewood Avenue, Hamilton (Blakeley), Ontario, L8M1W3

4 beds4 baths3 parking lot size

137 Sherman Avenue South, Hamilton (Blakeley), Ontario, L8M2R1

5 bd4 ba6 pk2,750 ft²Lot size 42 × 124 ft (5,208 sq ft)

Listed by REAL BROKER ONTARIO LTD.

41 Albert Street, Hamilton (Blakeley), Ontario, L8M2Y1

For sale

141 days ago

$2.50M

41 Albert Street, Hamilton (Blakeley), Ontario, L8M2Y1

15 bd13 baLot size 100 × 45 ft (4,529 sq ft)

Listed by RE/MAX METROPOLIS REALTY

Investment analysis

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$899,900

Hamilton

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Description

An exceptional income-producing property in the heart of Hamilton. This well-maintained triplex features three legal, self-contained units, along with an existing fourth non-conforming unit. Each unit has been beautifully renovated and includes a private entrance and ensuite laundry. The property offers ample parking, a practical layout and excellent flexibility for investors, multi-generational families or buyers seeking additional rental income. The current unit configuration includes one one-bedroom unit, one two-bedroom unit, one bachelor unit and an additional one-bedroom unit. Ideally situated near public transit, schools, parks, trails, restaurants, shopping and everyday amenities, with convenient highway access and downtown Hamilton just minutes away. Located in a high-demand rental area with strong cash-flow potential and a reported cap rate of approximately 8%. (id:66096)

Property Details

MLS®: X13614392
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 4
Parking: 3
Lot Size: 35 × 90 ft (3,105 sq ft)
Frontage: 35 ft
Storeys: 2
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Radiant heat, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Property Tax: $4,500/yr
Listed: 99 days ago

Area context

Neighbourhood profile (L8M)

This home lists at $899,900, about 14.7× the local median household income of $61,200.

Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 187% above the area median.

Median household income: $61,200
Population: 13,774
Median age: 38.4
Owner / renter: 40% / 60%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L8M)

$899,900

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,990

Min 7.22%50%

Mortgage payment$4,629/mo

↳ CMHC premium ($33,396 capitalized)

Property tax (est.)$375/mo

Total monthly$5,004

Cash Needed to Close

Down payment (7.22%)$64,990

Land transfer tax$14,473

Est. closing costs$5,200

Total cash needed$84,663

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

5 Maplewood Avenue, Hamilton (Blakeley) - Multi-family for Sale

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