641 LIMERIDGE Road
Hamilton, Ontario
4 bed • 2 bath • Multi-family
Discover a rare investment opportunity in a prime Hamilton Mountain location. Complete with drawings for three future triplexes for a total of 9 income producing units. This property combines immediate potential rental income with exceptional development potential, offering the best of both worlds for savvy investors or visionaries ready to build. The existing 4-bedroom home has been thoughtfully updated, blending functionality with inviting, contemporary charm. The bright, open layout includes a spacious living area, a well-equipped kitchen with generous cabinetry, and a finished loft perfect for a home office, studio, or creative retreat. With three-car parking plus a garage, there’s no shortage of space for family or tenants alike. The lower level provides additional flex space, ideal for a potential second unit. Conveniently located just minutes from the LINC, public transit, schools, shopping, and major amenities, this property is perfectly positioned for both comfort and connectivity. Previously rented for $2,616.25 per month, it can deliver strong, steady cash flow while offering the exciting prospect of a multi-residential future. Whether you choose to hold, enhance, or build, this is an address where opportunity meets potential. Concept proposed: Buyer to develop three triplex buildings totaling 9 residential units. Development has not yet been approved. Buyer to complete all required applications and obtain necessary approvals.
Price History
Schools
Elementary
- St. Teresa of Calcutta Catholic Elementary School0.6 km
Catholic · Hamilton-Wentworth CDSB · 285 students
Grade 3 reading: 55% met the provincial standard · Grade 6 math: 71% met the provincial standard
- Lawfield Elementary School0.8 km
Public · Hamilton-Wentworth DSB · 685 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 38% met the provincial standard
- Lincoln Alexander Public School0.9 km
Public · Hamilton-Wentworth DSB · 210 students
Grade 3 reading: 84% met the provincial standard · Grade 6 math: 24% met the provincial standard
Secondary
- St. Jean de Brebeuf Catholic Secondary School1.4 km
Catholic · Hamilton-Wentworth CDSB · 1615 students
Grade 10 literacy: 78% met the provincial standard
- Hill Park System Alternative Education1.8 km
Public · Hamilton-Wentworth DSB
- James Street Alternative Education1.8 km
Public · Hamilton-Wentworth DSB · 50 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 L8W
- Population
- 26,077
- Private dwellings
- 8,612
- Median age
- 38.8
- Average household size
- 3
- Median household income
- $101,000
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
- 4,993
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,993 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$159,980
Estimated Monthly Payment
$3,930
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,930/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $200/mo
Estimates only. Consult a financial advisor.
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