25 WEST Avenue
Hamilton, Ontario
7 bed • 7 bath • Multi-family
Solid 7-unit investment opportunity in Hamilton's sought-after Corktown neighbourhood. This well-maintained asset features six oversized 1-bedroom + den units and one 1-bedroom basement suite, with the larger units offering strong potential for conversion to 2-bedroom layouts, creating a clear value-add opportunity. Current operations generate a 6.1% cap rate based on existing income and expenses, supported by a stable tenant base and consistent rental demand. The property benefits from separately metered hydro, shared laundry facilities, one storage locker, and eight surface parking spaces, including a recently paved rear parking area. Six units feature private balconies with rear fire escape access. Well-maintained common areas and attractive landscaping contribute to tenant retention and curb appeal. Ideally situated in a high-demand rental location close to downtown Hamilton, major transit routes, hospitals, employment centres, and everyday amenities. An excellent opportunity for investors seeking stable cash flow with meaningful upside through future unit optimization and rental growth.
Price History
Schools
Elementary
- St. Patrick Catholic Elementary School0.2 km
Catholic · Hamilton-Wentworth CDSB · 405 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Queen Victoria Elementary Public School0.7 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 48% met the provincial standard · Grade 6 math: 14% met the provincial standard
- Dr. J. Edgar Davey Elementary Public School0.7 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 School0.3 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- System Alternative Education Sir Isaac Brock Secondary School0.4 km
Public · Hamilton-Wentworth DSB · 65 students
- St. Charles Catholic Adult Secondary School1.9 km
Catholic · Hamilton-Wentworth CDSB · 345 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 L8N
- Population
- 15,568
- Private dwellings
- 8,630
- Median age
- 36.8
- Average household size
- 1.9
- Median household income
- $54,800
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
- $681,000
- Homes sold
- 5,009
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,009 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$315,000
Estimated Monthly Payment
$7,738
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,738/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $394/mo
Estimates only. Consult a financial advisor.
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