253 MOHAWK Road
Hamilton, Ontario
11 bed • 6 bath • Multi-family
Located in a sought-after neighbourhood, this well-maintained multiplex offers a prime opportunity for investors looking for consistent income in a high-demand area with easy access to public transit. With a total annual rental income exceeding $114,000, this property boasts a strong return on investment and competitive Capitalization Rate of 6% (after vacancy). The solid brick building features two 1-bedroom apartments, three 2-bedroom apartments, and one 3-bedroom apartment-- each with functional layouts and durable finishes, ensuring long-term tenant satisfaction. Each unit enjoys spacious living areas, parking, ample natural light, coin-operated laundry, and access to nearby amenities, making this building highly desirable. With its unbeatable location close to public transportation, shopping, dining, and recreational areas, this building stands out as an exceptional investment in a thriving community. The solid brick construction and updates including new roof shingles in 2018 and new security system in 2019, provide stability and low maintenance, while the current rental income offers immediate cash flow. Don’t miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio.
Price History
Schools
Elementary
- St. Michael Catholic Elementary School0.5 km
Catholic · Hamilton-Wentworth CDSB · 445 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 52% met the provincial standard
- Elementary Alt-Ed0.5 km
Public · Hamilton-Wentworth DSB
- Pauline Johnson Public School0.7 km
Public · Hamilton-Wentworth DSB · 475 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 28% met the provincial standard
Secondary
- James Street Alternative Education0.5 km
Public · Hamilton-Wentworth DSB · 50 students
- St. Charles Catholic Adult Secondary School1.4 km
Catholic · Hamilton-Wentworth CDSB · 345 students
- Westmount Secondary School2.1 km
Public · Hamilton-Wentworth DSB · 1310 students
Grade 10 literacy: 95% 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 L9A
- Population
- 25,899
- Private dwellings
- 10,346
- Median age
- 40.4
- Average household size
- 2.5
- Median household income
- $81,000
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
- $682,250
- Homes sold
- 5,000
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,000 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$270,000
Estimated Monthly Payment
$6,632
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,632/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $338/mo
Estimates only. Consult a financial advisor.
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