981 MOHAWK Road
Hamilton, Ontario
10 bed • 6 bath • Multi-family
This is a rare turnkey investment opportunity in the heart of Hamilton Mountain—a fully updated and exceptionally maintained six-unit multi-residential building offering four spacious 2-bedroom units, two spacious 1-bedroom units and parking for up to 10 vehicles on fresh asphalt. Ideally located along one of the city's most vibrant east-west corridors, the property is steps from the Mohawk Sports Complex and sits on a high-visibility transit route with extended bus service. Tenants enjoy unmatched convenience with easy access to Juravinski Hospital, Limeridge Mall, the LINC and Red Hill expressways, Albion Falls, and numerous hiking trails, making this a highly desirable rental location. Pride of ownership is evident throughout, with a long list of recent upgrades ensuring minimal maintenance and maximum efficiency. Improvements include PVC thermal windows, an updated and fully insulated roof (2011), updated kitchen and bathroom cabinetry, copper and ABS plumbing, copper wiring, fresh paint, and new flooring. A high-efficiency IBC boiler system, installed in 2025, adding to the property’s operating efficiency. The building also features convenient on-site laundry and includes six sets of fridges and stoves. With excellent net operating income and strong tenant appeal, this is a stable, income-generating asset that’s ready to go—ideal for investors seeking long-term growth in a thriving Hamilton neighbourhood.
Price History
Schools
Elementary
- ÉIC Mère-Teresa0.2 km
French Catholic · CS catholique MonAvenir · 135 students
- Lisgar Junior Public School0.4 km
Public · Hamilton-Wentworth DSB · 320 students
Grade 3 reading: 39% met the provincial standard · Grade 6 math: 14% met the provincial standard
- St. Anthony Daniel Catholic Elementary School0.4 km
Catholic · Hamilton-Wentworth CDSB · 160 students
Grade 3 reading: 69% met the provincial standard · Grade 6 math: 62% met the provincial standard
Secondary
- ÉSAC Mère-Teresa0.2 km
French Catholic · CS catholique MonAvenir · 300 students
Grade 10 literacy: 90% met the provincial standard
- Sherwood Secondary School1.4 km
Public · Hamilton-Wentworth DSB · 1255 students
Grade 10 literacy: 79% met the provincial standard
- Hill Park System Alternative Education1.7 km
Public · Hamilton-Wentworth DSB
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 L8T
- Population
- 19,405
- Private dwellings
- 7,948
- Median age
- 43.6
- Average household size
- 2.5
- Median household income
- $85,000
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
- 5,001
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,001 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$279,980
Estimated Monthly Payment
$6,877
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,877/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $350/mo
Estimates only. Consult a financial advisor.
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