74 CATHCART Street
Hamilton, Ontario
4 bed • 4 bath • Single Family
Welcome to a fantastic investment opportunity in Hamilton. This detached home offers three self-contained units, providing a versatile option for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Extensively updated from top to bottom in 2018, each bright and well maintained unit features its own in-suite laundry and a fully equipped kitchen with fridge, stove, and dishwasher. Two of the three units are currently tenanted, offering immediate rental income. The main-floor unit is rented for $1,599/month, while the upper unit, spanning two levels, is rented for 1,747/month. The vacant lower-level unit was previously rented for $1,300/month, providing an opportunity to set a new rental rate or keep the space available for personal use. Parking is conveniently located at the rear of the property with laneway access (and street parking available). Ideally situated close to shopping, major highways, Lake Ontario, parks, and everyday amenities, this property combines a convenient location with excellent income potential. A turnkey opportunity for investors looking to add a modernized multi unit property to their portfolio. Separately metred for hydro/gas.
Price History
Property
- Lot Size
- 0.06 acres
Schools
Elementary
- Dr. J. Edgar Davey Elementary Public School0.2 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard
- St. Patrick Catholic Elementary School0.7 km
Catholic · Hamilton-Wentworth CDSB · 405 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Cathy Wever Elementary Public School1 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 23% met the provincial standard
Secondary
- System Alternative Education Sir Isaac Brock Secondary School0.3 km
Public · Hamilton-Wentworth DSB · 65 students
- Cathedral High School0.8 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- St. Charles Catholic Adult Secondary School2.6 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 L8R
- Population
- 11,651
- Private dwellings
- 6,113
- Median age
- 38.4
- Average household size
- 2
- Median household income
- $53,600
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
Single Family in Hamilton · last 12 months
- Median sold price
- $681,000
- Homes sold
- 5,003
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,003 recorded sales of single family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$153,800
Estimated Monthly Payment
$3,778
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,778/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $192/mo
Estimates only. Consult a financial advisor.
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