21
See all 21 photos
$5,995,000
Est. payment /mo
26 Beds
Price Dropped by $500K
16 West AVE S Hamilton, ON L8N 2S1
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Stinson
MLS Listing ID X12739520
Style 2-Storey
Bedrooms 26
Annual Tax Amount $56,771
Tax Year 2025
Property Sub-Type Multiplex
Lot Depth 122.0
Lot Front 153.0
Property Description
An exceptional opportunity to acquire a truly one-of-a-kind heritage asset in the heart of Downtown Hamilton. 16 West Ave S is a stunning converted church, thoughtfully transformed into a loft-style apartment building in 2022, seamlessly blending historic character with modern functionality. Featuring soaring ceilings, dramatic stained-glass windows, and architectural details rarely found in today's market, the property comprises 18,879 SF with 19 fully occupied units, offering an ideal unit mix of 2 bachelor suites, 10 one-bedrooms, 5 two-bedrooms, and 2 three-bedrooms, complemented by 19 surface parking spaces. The asset is fully stabilized, generating approximately $313,205 in Net Operating Income, providing immediate, predictable cash flow. The property further benefits from highly attractive assumable financing at a fixed 3.72% interest rate extending to 2032. This below-market debt materially enhances returns and offers a significant advantage in today's rate environment. Perfectly positioned steps to shops, restaurants, theatres, and everyday amenities, and just moments from the Hamilton GO Station for seamless access along the GO Transit line, this central location is unmatched. Situated in a thriving urban core anchored by McMaster University and major professional sports franchises including the Hamilton Tiger-Cats and Toronto Rock, this is a rare, turnkey investment combining strong income fundamentals, irreplaceable character, and long-term upside.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Full, Partially Finished
Kitchen 19
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 153.0
Lot Depth 122.0
Total Parking Spaces 19
Building
Building Age 100+
Unit Features Hospital,Place Of Worship,Public Transit,School
Foundation Unknown
Others
ParcelsYN No
Listed by REAL BROKER ONTARIO LTD.
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