27 Ontario Avenue
Hamilton, ON
- 4,917 sqft
- Investment
- 201 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
- Lot Size
- 54.99 x 90 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Main St/Ontario St
- Zoning
- D
- Parcel Number
- 171760176
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Inclusions
- Refrigerator x 5, Stove x5
- Rental Items
- Hot Water Heater
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
Commercial in Hamilton · last 12 months
- Median sold price
- $680,000
- Homes sold
- 4,976
- Median days on market
- 28
- Sale-to-list price
- 97.1%
Based on 4,976 recorded sales of commercial properties in Hamilton over the last 12 months.
Listed by
MICHAEL ST.JEAN REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 4,917 sq ft
- Price per sq ft
- $203.36
- Annual property tax
- $7,619
- Tax per sq ft
- $1.55
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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