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947 MAIN Street

947 MAIN Street

Hamilton, Ontario

7 bed • 7 bath • Multi-family

$1,699,000

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.

R

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