Unknown for 295 Melvin Ave, Hamilton Ontario L8H 2K6
6 days on Market

295 Melvin Ave, Hamilton, Ontario L8H 2K6

In the same building:
-
Condo
-
20
~17150 sqft
$4,000,000
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Condo
-
20
~17150 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$233/sqft

Est. Mortgage$17,178/mo

Tax Amount (2024)$39,037/yr

Days On Market6 days


Description

THIS 20 UNIT MULTIPLEX APARTMENT BUILDING PRESENTS A PRIME INVESTMENT OPPORTUNITY, FEATURING 15 ONE-BEDROOM UNITS AND 5, TWO-BEDROOM UNITS. EACH TENANT PAYS THEIR OWN HYDRO, ADDING TO THE INVESTMENT APPEAL. THE BUILDING IS EQUIPPED WITH THERMAL WINDOWS AND IS CONVENIENTLY LOCATED WITHIN WALKING DISTANCE OF SCHOOLS, SHOPPING CENTERS, AND RESTAURANTS, CATERING TO ALL YOUR TENANTS' NEEDS. SITUATED IN A PRIME LOCATION, THIS THREE-STOREY WALK-UP OFFERS SUBSTANTIAL UPSIDE POTENTIAL WITH 12 VACANT UNITS READY FOR RENOVATION. THIS SOLID INVESTMENT PROPERTY ALLOWS FOR REPOSITIONING TO ACHIEVE MARKET RENTS. DON'T MISS OUT ON THIS RARE CHANCE TO MAXIMIZE CASH FLOW AND EQUITY GROWTH!


Property Details

StyleResidential Income
View-
Age of property-
SqFt~17150 SqFt
Lot Size17,150 SqFt(245 x 70)
Parking Spaces12
MLS ®Number40723183
Community NameMcQuesten West
Data SourceITSO
Listing byHomelife Professionals Realty Inc.

Features

Heating: Radiant

Features

Lot size: 17,150 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 12


3Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

May 1, 2025
ListedActive
$4,000,000
6 days on market
history photo preview15
Listing by itso®
Property listed by Homelife Professionals Realty Inc., Brokerage

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Market Data - McQuesten West

Geo Zone Map ThumbnailMcQuesten West

Strong Seller's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

New Listings

Past 30 days

2 listings

Compared to

Units sold

Past 30 days

0 unit

Compared to

Median Sold Price

Past 30 days

$0

Compared to


Population and Demographics

Overview

Total population 3843
Average household income $86,295

Age (%)

50 to 64
22%
20 to 34
22%
0 to 19
21%
35 to 49
19%
65 and plus
16%

Household composition (%)

Single family
58%
Single person
36%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
85%
Others
4%
Spanish
2%
Portuguese
2%
French
2%
Polish
1%
Italian
1%

House tenancy (%)

Owners
53%
Renters
47%

Schools and amenities

Estimated Budget