1254 Fennell Avenue E,Hamilton (Huntington), ON L8T1T4
Hamilton (Huntington), ON L8T1T4
Description
Positioned in one of Hamilton Mountain's most sought-after pockets, this clean and well-managed 9-unit apartment building offers a turnkey investment opportunity with stable income and long-term upside. Ideally located just steps to the brow, transit, and everyday amenities, the property consistently attracts quality, reliable tenants drawn to both convenience and lifestyle. The building features a strong and desirable unit mix including six 2-bedroom units, two 1-bedroom units, and one bachelor suite-appealing to a broad tenant demographic. Nine surface parking spaces provide added convenience and value for residents. With separate hydro meters, operational efficiency is enhanced while keeping expenses predictable. Pride of ownership is evident throughout, with a solid maintenance history including a boiler replacement (2011) and a brand new roof (2025). Terrazzo flooring in the stairwells adds a durable, classic touch to the common areas. The property benefits from low vacancy and steady performance, generating a net income of $124,077.08 and a 4.85% cap rate. This is an excellent opportunity for investors seeking a well-located, income-producing asset in a high-demand rental market. Limited in-person viewings (1-2 units) prior to accepted offer, subject to availability. (id:13843)
Details
| MLS # | X13065096 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 112 |
| Listing Provided By | RE/MAX ESCARPMENT REALTY INC. | ALEXANDRA BORONDY |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 9 Total |
| SQ Feet | 5,000 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | E |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 9 |
Taxes
| Tax Annual Amount | 21694.51 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Huntington) |
| Postal Code | L8T1T4 |
| Listing VS Median (in L8T1T4) | |
Price: $2,599,900 low | high Med: $2,599,900 sqft: 5,000 low | high Med: 7,503 $ / sqft: $520 low | high Med: $347 On site: 112 low | high Med: 112 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Huntington) |
| Postal Code | L8T1T4 |
| Listing VS Median (in L8T1T4) | |
Price: $2,599,900 low | high Med: $2,599,900 sqft: 5,000 low | high Med: 7,503 $ / sqft: $520 low | high Med: $347 On site: 112 low | high Med: 112 | |