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27 ONTARIO Avenue

27 ONTARIO Avenue

Hamilton, Ontario

6 bed • 5 bath • Single Family

$999,900

Exceptional multi-residential investment opportunity featuring 5 units in a prime central Hamilton location. Situated steps to the Downtown Core, West Harbour GO Station, Hamilton General Hospital, public transit routes, shops, and restaurants, and within close proximity to the Bruce Trail access points, Wentworth Stairs, and surrounding bike trails, this property benefits from strong tenant demand and long-term growth potential while offering exceptional walkability and outdoor amenities. The building’s existing architecture and layout provide flexibility for future renovation or reconfiguration, offering the potential to increase bedroom count and optimize rental income. Featuring 9–20 ft ceilings, skylights, units with private outdoor terraces, separately metered services, and individual hot water tanks for each unit, the property delivers strong functionality and long-term operational efficiency. A rare highlight is the 7–8 car parking area, providing added convenience for tenants, enhancing rental appeal, and creating potential additional income opportunities in a high-density urban neighbourhood where parking is limited. Could also be ideal for a family, couple, or professional owner-occupier looking to live in one unit while offsetting mortgage carrying costs, with potential for short-term rental use subject to municipal regulations. Ideal for investors seeking a stable, income-producing asset with upside through value-add improvements in one of Hamilton’s evolving urban pockets.

Price History

Schools

Secondary

  • Cathedral High School0.3 km

    Catholic · Hamilton-Wentworth CDSB · 1650 students

    Grade 10 literacy: 64% met the provincial standard

  • System Alternative Education Sir Isaac Brock Secondary School0.9 km

    Public · Hamilton-Wentworth DSB · 65 students

  • Bernie Custis Secondary School Secondary School1.9 km

    Public · Hamilton-Wentworth DSB · 955 students

    Grade 10 literacy: 65% met the provincial standard

Elementary

  • St. Patrick Catholic Elementary School0.4 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 School0.9 km

    Public · Hamilton-Wentworth DSB · 540 students

    Grade 3 reading: 56% met the provincial standard · Grade 6 math: 23% met the provincial standard

  • Sacred Heart of Jesus Catholic Elementary School1 km

    Catholic · Hamilton-Wentworth CDSB · 235 students

    Grade 3 reading: 53% met the provincial standard · Grade 6 math: 38% 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 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

Single Family in Hamilton · last 12 months

Median sold price
$683,000
Homes sold
5,001
Median days on market
27
Sale-to-list price
97.1%

Based on 5,001 recorded sales of single family properties in Hamilton over the last 12 months.

Location

Mortgage Calculator

$199,980

Estimated Monthly Payment

$4,912

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $4,912/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $250/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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