181 West Avenue

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Hamilton , located at 181 West Avenue, Hamilton. This prime property is nestled in the heart of the Beasley community and boasts a stunning 2 1/2 storey multiplex building that has been fully renovated with modern finishes. With a total of four kitchens and five bedrooms spread across 12 rooms, this is a rare find in a sought-after area.

As you step inside this Multi-Family Home for sale in Hamilton, you’ll immediately appreciate the spacious layout. The property features three occupied units with reliable AAA tenants, ensuring a steady income stream, while one unit is currently vacant. This vacant unit presents an excellent opportunity for owner-occupancy or for setting your own rental price. The potential here is enormous, making it an ideal choice for both seasoned investors and those new to the property market.

The address, 181 West Avenue, Hamilton, is in a prime location, just a short walk from Hamilton General Hospital, which adds to its appeal for potential tenants. The property is equipped with a shared laundry in the basement, and there’s even potential to finish the basement for additional income. The basement has been professionally waterproofed and includes a sump pump, ensuring that it remains dry and usable.

In terms of rental income, the figures speak for themselves. Unit 1 brings in £1,071.63 per month, Unit 2 generates £1,913.27, and Unit 3 contributes £1,523.40. The fourth unit, being vacant, allows you the flexibility to move in or set your own rent. This Multi-Family Home for sale in Hamilton is truly a rare high-income property, and it won’t be on the market for long.

Parking is another highlight of this property. With a private double driveway accommodating up to six cars, tenant convenience is a top priority. Although there’s no garage space, the ample parking options ensure that tenants and guests alike have easy access. The lot measures a generous 25 X 123 feet, providing plenty of outdoor space for potential enhancements.

The exterior of the building features a combination of brick and stucco, giving it a modern yet classic look that fits beautifully within the neighbourhood. Inside, the heating is provided by a radiant system, and while there’s no central vacuum system, the property does come with window air conditioning units to keep things cool during those warmer months.

Although the property is unfurnished, this gives new owners the chance to personalise the space to their liking. The family room is a great space for gatherings, and the four bathrooms ensure that there’s no shortage of facilities for residents.

In summary, this Multi-Family Home for sale in Hamilton at 181 West Avenue, Hamilton, is a prime investment opportunity that you simply cannot overlook. With its modern renovations, multiple income-generating units, and fantastic location, it’s perfect for anyone looking to invest in property or for those wanting to live in one unit while earning rental income from the others. Don’t miss out on this chance to secure a high-income property in a vibrant community. Whether you’re an investor or a homeowner, this property has something to offer everyone. Get in touch today to find out more about this incredible Multi-Family Home for sale in Hamilton!

Beasley is a vibrant and diverse neighbourhood nestled within the city of Hamilton, Ontario. Known for its rich history and close-knit atmosphere, this area boasts a mix of residential streets, parks, and local amenities that cater to a variety of lifestyles. The community is characterised by its welcoming spirit, with a blend of historic homes and modern developments, providing a unique charm. Residents enjoy easy access to public transport, making it convenient to explore the broader city. Beasley also features several green spaces, ideal for leisurely strolls or family outings, and is in proximity to cultural attractions, ensuring a well-rounded living experience for anyone looking to settle in this engaging part of Hamilton.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Winona Elementary School, a public institution under the Hamilton-Wentworth District School Board, is just 0.9 km away and caters to students from Junior Kindergarten to Grade 8, boasting a school rating of 6.5. Additionally, St. Gabriel CES, a Catholic elementary school also offering grades JK to 8, is even closer at 0.7 km, with a solid rating of 6.3. For secondary education, Orchard Park Secondary School is located 5.0 km from the property, providing education for grades 9 to 12, and holds a rating of 6.3. All schools offer instruction in English, ensuring a consistent language of study for students. With such a variety of educational options nearby, families will appreciate the quality and accessibility of schooling available in the area, enhancing the overall appeal of this property.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,118 residents, with an average household size of 3.1 individuals. The community is relatively young, with an average age of 37.9 years. The economic landscape is promising, as the average household income stands at $150,500, with only 5% of the population classified as low-income. The average property price in the area is $888,000, indicating a strong real estate market. Socially, the community is diverse, with 27.93% of residents being immigrants and a significant portion of households (61.29%) having children. The demographic also shows that 40.56% of the population is single, while only 4.17% are renters, suggesting a predominantly owner-occupied housing market. Additionally, 2.78% of the housing consists of condominiums. Educational attainment is high, with over half (52.46%) of the population holding a college or university degree. However, a notable 28.42% of residents are not in the labor force, which may reflect a variety of factors including retirement or further education. Overall, this area presents a vibrant community with a solid economic foundation and diverse demographics.