16 WEST Avenue
Hamilton, Ontario
26 bed • Multi-family
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.
Price History
Property
- Lot Size
- 0.43 acres
Schools
Elementary
- St. Patrick Catholic Elementary School0.2 km
Catholic · Hamilton-Wentworth CDSB · 405 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Dr. J. Edgar Davey Elementary Public School0.6 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard
- Queen Victoria Elementary Public School0.7 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 48% met the provincial standard · Grade 6 math: 14% met the provincial standard
Secondary
- Cathedral High School0.4 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- System Alternative Education Sir Isaac Brock Secondary School0.4 km
Public · Hamilton-Wentworth DSB · 65 students
- St. Charles Catholic Adult Secondary School2 km
Catholic · Hamilton-Wentworth CDSB · 345 students
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 L8N
- Population
- 15,568
- Private dwellings
- 8,630
- Median age
- 36.8
- Average household size
- 1.9
- Median household income
- $54,800
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
- 4,996
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,996 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$1,299,000
Estimated Monthly Payment
$31,908
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $31,908/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $1,624/mo
Estimates only. Consult a financial advisor.
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