181 WEST Avenue
Hamilton, Ontario
4 bed • 4 bath • Multi-family
Prime Hamilton Centre Freehold Investment – Opportunity is knocking with this fantastic 4-unit freehold investment property in the heart of Hamilton Centre on West Avenue! Fully renovated with modern finishes, this turn-key property features three occupied units with AAA tenants and one vacant unit, perfect for owner-occupancy or an additional rental opportunity. Property Highlights: Shared laundry in the basement with potential to finish the basement for additional income (2-br unit has its own washer-dryer). Basement has been professionally waterproofed w/sump-pump. Rear parking for 6 cars for tenant convenience, or potential expansion/ADU. Prime location– walking distance to Hamilton General Hospital. Rental Income: Unit 1– $1,071.63/month, Unit 2– $1,913.27/month, Unit 3– $1,523.40/month, Unit 4– **Vacant** (Move in or set your own rent!) A rare high-income property in a sought-after location, perfect for investors or those looking to live in one unit while generating rental income. **Don’t miss out! Contact us today to book your private viewing!
Price History
Schools
Elementary
- Dr. J. Edgar Davey Elementary Public School0.4 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard
- St. Patrick Catholic Elementary School0.7 km
Catholic · Hamilton-Wentworth CDSB · 405 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Cathy Wever Elementary Public School0.8 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 23% met the provincial standard
Secondary
- System Alternative Education Sir Isaac Brock Secondary School0.5 km
Public · Hamilton-Wentworth DSB · 65 students
- Cathedral High School0.8 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- Bernie Custis Secondary School Secondary School2.4 km
Public · Hamilton-Wentworth DSB · 955 students
Grade 10 literacy: 65% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L9L
- Population
- 14,620
- Private dwellings
- 5,910
- Median age
- 50.4
- Average household size
- 2.5
- Median household income
- $107,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Hamilton · last 12 months
- Median sold price
- $683,250
- Homes sold
- 5,004
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,004 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$175,000
Estimated Monthly Payment
$4,299
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,299/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $219/mo
Estimates only. Consult a financial advisor.
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