
947 MAIN Street
Hamilton, Ontario
7 bed • 7 bath • Multi-family
STRONG VTB OPTIONS AVAILABLE! A Rare and exceptional downtown Hamilton investment opportunity not to be missed! This meticulously owner-operated 7-unit building comprising all self-contained one-bedroom units has been maintained since 2008 and underwent a complete gut renovation across every floor, delivering a truly turnkey asset in clean, move-in ready condition. Spanning approximately 4,580 sq ft across four levels (basement 1,425 sq ft · main 1,689 sq ft · 2nd 1,061 sq ft · 3rd 405 sq ft), the property features comprehensive 2 lb spray foam insulation across all levels, in-floor heating throughout, a German boiler system that efficiently serves both building heat and hot water, a single car garage with side door, separately metered hydro for 5 of 7 units, parking for 5 vehicles, and additional laundry income. What truly sets this property apart is its coveted C2 zoning, opening the door to a commercial component on the main floor — whether a boutique retail shop, café, professional office, or personal service use — while the live-work opportunity allows an owner-occupant to run their business from the ground floor while residing above, dramatically reducing overhead and maximizing lifestyle flexibility. Positioned in an excellent central downtown location with outstanding visibility along a high-traffic corridor, this building benefits from strong daily foot traffic, exceptional signage exposure, and effortless access to Hamilton’s vibrant amenities, restaurants, and transit routes. A true turnkey investment with significant upside, and opportunities like this are few and far between!
Price History
Schools
Elementary
- Adelaide Hoodless Public School0.5 km
Public · Hamilton-Wentworth DSB · 580 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 52% met the provincial standard
- ÉÉC Notre-Dame0.6 km
French Catholic · CS catholique MonAvenir · 215 students
Grade 3 reading: 23% met the provincial standard · Grade 6 math: 65% met the provincial standard
- Prince of Wales Elementary Public School0.8 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 49% met the provincial standard
Secondary
- Bernie Custis Secondary School Secondary School0.7 km
Public · Hamilton-Wentworth DSB · 955 students
Grade 10 literacy: 65% met the provincial standard
- Sherwood Secondary School2 km
Public · Hamilton-Wentworth DSB · 1255 students
Grade 10 literacy: 79% met the provincial standard
- Cathedral High School2 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% 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 L8M
- Population
- 13,774
- Private dwellings
- 7,096
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $61,200
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
- $683,250
- Homes sold
- 5,010
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,010 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$339,800
Estimated Monthly Payment
$8,347
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,347/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $425/mo
Estimates only. Consult a financial advisor.
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