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    For Sale - 16 West Avenue, Hamilton, Ontario

    Est payment $31,188/mo
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    Views   7
    Time on Jump  203 day

    AI Summary *

    • Unique converted church with historical charm and modern amenities.
    • 19 fully occupied units with a diverse mix of layouts.
    • Prime downtown location close to shops, restaurants, and transit.
    • Strong cash flow with approximately $313,205 in Net Operating Income.
    • Attractive assumable financing at a low fixed interest rate.




    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.
    Listing IDX12739520
    Address16 West Avenue
    CityHamilton, Ontario
    Price$6,495,000
    Bed26
    Style2-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneAmenities Hospital, Place Of Worship, Public Transit, SchoolOwnership FreeholdBasement Full, Partially FinishedFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 19.00
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    Listing Agency:  REAL BROKER ONTARIO LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

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    Loading...
    16 West Avenue
    Hamilton , Ontario
    26 $6,495,000
    Get more info