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Listing content provided by CREA DDF®. Not intended to solicit properties currently listed for sale.

16 WEST Avenue S | Sanket Patel Calgary REALTOR(R)

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$6,495,000

For Sale

26 bed · 0 bath

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For Sale

$6,495,000

MLS® 40801471

16 WEST Avenue S

Hamilton, Ontario, L8N2S1

Beds / Baths: 26 bed · 0 bath
Interior: 18,879 sqft
Property type: Multi-family
Building: Multi-family
Year built: 1869
Lot size: 0.43 acres

Property facts

Beds / Baths: 26 bed · 0 bath
Interior: 18,879 sqft
Property type: Multi-family
Building: Multi-family
Transaction: For Sale
Year built: 1869
Lot size: 0.43 acres
Parking: 19
Ownership: Freehold

About this property

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 $314,276 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. (id:53361)

Features & details

Sewer: Municipal sewage system
Water: Municipal water
Cooling: Central air conditioning
Heating: Forced air, Natural gas
Parking: Open
Basement: Partially finished, Full
Exterior: Brick
Amenities: High Traffic Area, Community Centre
Fireplace: false
Appliances: Microwave Built-in
Zoning: D1
Photos Count: 21
Tax Annual Amount: 56771.38
Originating System: Cornerstone Association of REALTORS®
Number Of Units Total: 19
Internet Address Display: true

Location

16 WEST Avenue S, Hamilton, Ontario, L8N2S1

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