506 ABERDEEN Avenue
Hamilton, Ontario
3 bed • 2 bath • Multi-family
Excellent investment opportunity in prime southwest Hamilton close to all amenities including transportation, highway access, shopping, university, hospitals, Chedoke Golf course, trails, trendy Locke St. shops and restaurants. 2 1/2 storey brick home with large modern brick addition. Spacious and well maintained units updated with superior finishes, modern conveniences and plenty of on site parking; updated electrical & plumbing. Large bonus room on main floor currently used as a bedroom (currently not included in apartments). Partially finished basement with separate entrance, living, dining areas, kitchen, room, two 3 pce baths & laundry area offers much potential. Home is situated on a deep lot with a double garage at rear of property with hydro and plumbing and may offer potential as an additional dwelling unit subject to approval by City of Hamilton.
Price History
Property
- Lot Size
- 0.27 acres
Schools
Elementary
- Earl Kitchener Junior Public School0.2 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 82% met the provincial standard
- St. Joseph Catholic Elementary School0.6 km
Catholic · Hamilton-Wentworth CDSB · 445 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 65% met the provincial standard
- Kanétskare Elementary School Middle School1 km
Public · Hamilton-Wentworth DSB · 395 students
Grade 6 math: 46% met the provincial standard
Secondary
- Westdale Secondary School1 km
Public · Hamilton-Wentworth DSB · 1525 students
Grade 10 literacy: 88% met the provincial standard
- Turning Point Alternative Education School1.6 km
Public · Hamilton-Wentworth DSB · 100 students
- École secondaire Georges-P-Vanier1.6 km
French public · CS Viamonde · 85 students
Grade 10 literacy: 100% 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 L8P
- Population
- 24,773
- Private dwellings
- 14,969
- Median age
- 38.8
- Average household size
- 1.8
- Median household income
- $58,000
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
- 5,017
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,017 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$319,980
Estimated Monthly Payment
$7,860
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,860/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $400/mo
Estimates only. Consult a financial advisor.
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