309 STRATHEARNE Avenue
Hamilton, Ontario
6 bed • 6 bath • Multi-family
Welcome to 309 Strathearne Avenue, a fully renovated six-unit residential building in the heart of Hamilton’s east end. This exceptional, turnkey investment property is fully tenanted, offering immediate and stable cash flow for investors seeking a low-maintenance addition to their portfolio. The building has undergone recent renovations, enhancing both the interior suites and overall property condition. Each unit is well-maintained, appealing to quality tenants and supporting strong rental demand in this established neighbourhood. At the rear of the property, you’ll find a large paved parking lot providing ample on-site parking — a highly desirable feature for tenants. Additional income potential is generated through the convenient coin-operated laundry facilities located within the building. The property is efficiently serviced by a boiler heating system and an on-demand tankless water heater, helping to manage operating costs while ensuring reliable performance. Ideally situated near the Queenston Traffic Circle, the building offers excellent connectivity to major routes. It is also close to public transit options, making it especially attractive for tenants who do not own a vehicle. This is a rare opportunity to acquire a well-maintained, income-producing asset in a strong rental location with solid fundamentals and long-term upside.
Price History
Schools
Elementary
- W H Ballard Public School0.7 km
Public · Hamilton-Wentworth DSB · 650 students
Grade 3 reading: 43% met the provincial standard · Grade 6 math: 38% met the provincial standard
- Parkdale School0.8 km
Public · Hamilton-Wentworth DSB · 305 students
Grade 3 reading: 77% met the provincial standard
- Queen Mary Public School1.3 km
Public · Hamilton-Wentworth DSB · 530 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 33% met the provincial standard
Secondary
- Sir Winston Churchill Secondary School1 km
Public · Hamilton-Wentworth DSB · 790 students
Grade 10 literacy: 56% met the provincial standard
- Bernie Custis Secondary School Secondary School2.5 km
Public · Hamilton-Wentworth DSB · 955 students
Grade 10 literacy: 65% met the provincial standard
- Glendale Secondary School2.7 km
Public · Hamilton-Wentworth DSB · 1260 students
Grade 10 literacy: 78% 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 L8H
- Population
- 26,187
- Private dwellings
- 11,792
- Median age
- 40
- Average household size
- 2.3
- Median household income
- $70,000
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
- $683,000
- Homes sold
- 4,991
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,991 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$275,000
Estimated Monthly Payment
$6,755
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,755/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $344/mo
Estimates only. Consult a financial advisor.
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