1254 Fennell Avenue E Hamilton, Ontario L8T 1T4
$2,599,900
Positioned in one of Hamilton Mountain’s most sought-after pockets, this clean and well-managed 9-unit apartment building offers a turnkey investment opportunity with stable income and long-term upside. Ideally located just steps to the brow, transit, and everyday amenities, the property consistently attracts quality, reliable tenants drawn to both convenience and lifestyle. The building features a strong and desirable unit mix including six 2-bedroom units, two 1-bedroom units, and one bachelor suite—appealing to a broad tenant demographic. Nine surface parking spaces provide added convenience and value for residents. With separate hydro meters, operational efficiency is enhanced while keeping expenses predictable. Pride of ownership is evident throughout, with a solid maintenance history including a boiler replacement (2011) and a brand new roof (2025). Terrazzo flooring in the stairwells adds a durable, classic touch to the common areas. The property benefits from low vacancy and steady performance, generating a net income of $126,077.08 and a 4.85% cap rate. This is an excellent opportunity for investors seeking a well-located, income-producing asset in a high-demand rental market. Proforma available upon request. (id:50964)
Property Details
| MLS® Number | 40823176 |
| Property Type | Multi-family |
| Amenities Near By | Park, Public Transit, Shopping |
| Features | Paved Driveway, Laundry- Coin Operated |
| Parking Space Total | 9 |
Building
| Bathroom Total | 9 |
| Bedrooms Total | 14 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1960 |
| Cooling Type | None |
| Exterior Finish | Brick, Other, Stone |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 7,503 Ft2 |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 150 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | E |
https://www.realtor.ca/real-estate/29680635/1254-fennell-avenue-e-hamilton
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June 02 2026 04:38:45
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.