105 CHEEVER Street
Hamilton, Ontario
5 bed • 2 bath • Multi-family
Welcome to this fully tenanted 2.5-storey semi-detached duplex in a convenient Hamilton location, offering excellent value at an accessible price point. With two self-contained units already in place, this property presents a strong opportunity for buyers looking to enter the investment market, offset future carrying costs, or secure a multi-unit property with built-in rental income. Unit 1 is located on the main floor, features 2 bedrooms, and is currently rented for $1,525 per month, with access from Burton Street as well as a convenient side entrance from the rear driveway. Unit 2 is accessed from Burton Street and spans the upper levels, offering its own laundry, second-floor living space, and a third-floor/attic area with 1 bedroom on the main upper level and 2 additional bedrooms above, currently rented for $1,799 per month. Together, the property generates a Net Operating Income of approximately $30,969 annually, making it a compelling option for buyers seeking affordability, income support, and long-term upside. The unfinished basement provides useful storage and future potential. Ideally located near Hamilton General Hospital, parks, the library, restaurants, transit, and everyday amenities, this property offers strong value in a central Hamilton neighbourhood.
Price History
Property
- Lot Size
- 0.03 acres
Schools
Elementary
- Cathy Wever Elementary Public School0.7 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 23% met the provincial standard
- St. Ann (Hamilton) Catholic Elementary School1.2 km
Catholic · Hamilton-Wentworth CDSB · 375 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 52% met the provincial standard
- Dr. J. Edgar Davey Elementary Public School1.3 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard
Secondary
- Cathedral High School1.5 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- System Alternative Education Sir Isaac Brock Secondary School1.5 km
Public · Hamilton-Wentworth DSB · 65 students
- Bernie Custis Secondary School Secondary School2 km
Public · Hamilton-Wentworth DSB · 955 students
Grade 10 literacy: 65% 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 L8L
- Population
- 32,312
- Private dwellings
- 14,444
- Median age
- 36.4
- Average household size
- 2.4
- Median household income
- $65,000
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
- 4,998
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,998 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$84,980
Estimated Monthly Payment
$2,087
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,087/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $106/mo
Estimates only. Consult a financial advisor.
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