27 Ontario Avenue
Hamilton, ON
- 6 bed
- 5 bath
- approx. 3500-5000 sqft
- Multiplex
- 207 days on market
Exceptional multi-residential investment opportunity featuring 5 units in a prime central Hamilton location. Situated steps to the Downtown Core, West Harbour GO Station, Hamilton General Hospital, public transit routes, shops, and restaurants, and within close proximity to the Bruce Trail access points, Wentworth Stairs, and surrounding bike trails, this property benefits from strong tenant demand and long-term growth potential while offering exceptional walkability and outdoor amenities. The building's existing architecture and layout provide flexibility for future renovation or reconfiguration, offering the potential to increase bedroom count and optimize rental income. Featuring 9-20 ft ceilings, skylights, units with private outdoor terraces, separately metered services, and individual hot water tanks for each unit, the property delivers strong functionality and long-term operational efficiency. A rare highlight is the 7-8 car parking area, providing added convenience for tenants, enhancing rental appeal, and creating potential additional income opportunities in a high-density urban neighbourhood where parking is limited. Could also be ideal for a family, couple, or professional owner-occupier looking to live in one unit while offsetting mortgage carrying costs, with potential for short-term rental use subject to municipal regulations. Ideal for investors seeking a stable, income-producing asset with upside through value-add improvements in one of Hamilton's evolving urban pockets.
Listing Details
- Taxes (2025)
- $7,619
- Originally Listed
- $1,299,900
- Listed
- February 17, 2026
Price History
Property
- Style
- 2 1/2 Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- None
- Lot Size
- 55 x 90 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Main St. E.
- Zoning
- D
- Parcel Number
- 171760176
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Included
- Inclusions
- Refrigerator x 5, Stove x5
- Rental Items
- Hot Water Heater
Schools
Secondary
- Cathedral High School0.5 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- System Alternative Education Sir Isaac Brock Secondary School1.1 km
Public · Hamilton-Wentworth DSB · 65 students
- St. Charles Catholic Adult Secondary School1.9 km
Catholic · Hamilton-Wentworth CDSB · 345 students
Elementary
- St. Patrick Catholic Elementary School0.6 km
Catholic · Hamilton-Wentworth CDSB · 405 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Sacred Heart of Jesus Catholic Elementary School0.7 km
Catholic · Hamilton-Wentworth CDSB · 235 students
Grade 3 reading: 53% met the provincial standard · Grade 6 math: 38% met the provincial standard
- George L Armstrong Public School0.7 km
Public · Hamilton-Wentworth DSB · 420 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 22% 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 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
Residential Freehold in Hamilton · last 12 months
- Median sold price
- $680,000
- Homes sold
- 4,964
- Median days on market
- 28
- Sale-to-list price
- 97.1%
Based on 4,964 recorded sales of residential freehold properties in Hamilton over the last 12 months.
Listed by
MICHAEL ST.JEAN REALTY INC.
Walk Score
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Location
Street View
Mortgage Calculator
$199,980
Estimated Monthly Payment
$4,912
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,912/mo (20% down, 5.5%)
Taxes: $635/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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