169 East Avenue S

Introducing an exceptional opportunity: a Multi-Family Home for sale in Hamilton , located at 169 East Avenue S, Hamilton. This remarkable legal triplex is situated in the vibrant Stinson community, offering a unique chance for investors or families looking for a multi-generational living arrangement. The property boasts a solid construction style, being a 2 1/2 storey multiplex, with a combination of brick and vinyl siding that not only enhances its aesthetic appeal but also ensures durability.

At 169 East Avenue S, Hamilton, you will find a well-designed layout that features a total of nine rooms, including three kitchens, which is a significant advantage for a multi-family home. The triplex comprises two spacious two-bedroom units and one bright one-bedroom unit, making it ideal for maximising rental income. With the potential for two of the units to be vacant, savvy investors can set market rents immediately, unlocking substantial cash flow potential. This is an opportunity not to be overlooked in today’s competitive rental market.

The Multi-Family Home for sale in Hamilton includes three bathrooms, which adds to the convenience for tenants and enhances the overall appeal of the property. Although there is no central air conditioning or fireplace, the home is equipped with radiant heating, ensuring a comfortable living environment throughout the colder months. Additionally, the property is connected to municipal water and sewer systems, providing essential services without the hassle of private systems.

One of the standout features of this property is its generous backyard, perfect for outdoor activities or simply enjoying the fresh air. While there is no pool, the ample outdoor space can be transformed into a lovely garden or recreational area for residents. The property also includes partial basement storage, which is a valuable asset for tenants needing extra space for their belongings.

Parking is made easy with a private driveway that accommodates one vehicle, ensuring that residents have convenient access to their home. It is worth noting that this Multi-Family Home for sale in Hamilton does not come with a garage; however, the driveway provides sufficient parking for the property’s needs.

The age of the building is over 100 years, which adds a unique character and charm to the property. Despite its age, the home has been well-maintained and offers a solid investment opportunity in a high-demand location. The Stinson community is known for its thriving rental market, making this Multi-Family Home for sale in Hamilton an attractive proposition for both investors and those looking to live in a vibrant neighbourhood.

With the added benefit of internet connectivity and a family room, this property is well-equipped to meet the needs of modern tenants. While the home is currently unfurnished, this allows new owners or investors to personalise the space according to their preferences or those of their tenants.

In summary, 169 East Avenue S, Hamilton, presents a rare opportunity to acquire a fully legal, turnkey triplex in one of Hamilton's most desirable neighbourhoods. This Multi-Family Home for sale in Hamilton is perfect for investors seeking to offset living costs through rental income or for families looking for a spacious home that accommodates multiple generations. Don’t miss your chance to own a high-performing asset in a high-demand location. Seize this opportunity today and make 169 East Avenue S, Hamilton, your next investment or home!

Stinson is a charming neighbourhood nestled within the vibrant city of Hamilton, Ontario, characterised by its picturesque tree-lined streets and a delightful mix of historic and modern homes. This area boasts a strong sense of local identity, with easy access to parks, schools, and essential amenities, making it an ideal place for families and individuals alike. The community's proximity to the downtown core ensures that residents can enjoy the bustling urban lifestyle while still retreating to a quieter, more residential atmosphere. With its welcoming vibe and a strong emphasis on community spirit, Stinson offers a unique blend of convenience and comfort for those looking to make it their home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Queen Victoria Elementary School, just 0.6 km away, offering grades JK to 8 with a school rating of 3.4. Another nearby elementary option is St. Patrick CES, also 0.6 km away, which follows a Catholic curriculum but has a rating of 0. For older students, Bernie Custis Secondary School is located 2.1 km from the property, although it currently has a rating of 0. However, Sherwood Secondary School, situated 3.5 km away, offers a stronger academic reputation with a rating of 6.9. Additionally, Bennetto and Norwood Park Elementary Schools, 2.2 km and 2.5 km away respectively, provide French language education with ratings of 3.2 and 6.4. Cathedral CSS, a Catholic secondary school, is only 1.0 km away and has a rating of 4.2. Overall, the area offers a mix of public and Catholic schools, catering to various educational preferences, ensuring that families have access to quality education within a reasonable distance.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 437 residents, with an average household size of 2. The community is characterized by a median age of 40 years and an average household income of $72,500. Notably, 19.2% of the population falls below the low-income threshold. The housing market reflects an average property price of $660,000, with a significant portion of the population, 67.39%, renting their homes. Single individuals make up a majority at 60.53%, while households with children account for 36.36% of the demographic. The area is also home to a diverse population, with 28.57% being immigrants. Educational attainment is relatively high, with 59.72% of residents holding a college or university degree. However, 29.17% of the population is not in the labor force, indicating a potential need for job opportunities. The housing composition includes a small percentage of condominiums, at 4.35%. Overall, this demographic profile suggests a vibrant community with a mix of families, singles, and a diverse educational background, contributing to the area's character and potential for growth.