253 MOHAWK Road E

Nestled in the heart of Hill Park, this stunning Multi-Family Home for sale in Hamilton at 253 Mohawk Road E, Hamilton, is a fantastic opportunity for savvy investors. This well-maintained 6-unit multiplex stands as a beacon of potential, offering consistent income in one of the most sought-after neighbourhoods in the area. With an impressive total annual rental income exceeding £113,000, this property guarantees a strong return on investment, boasting a competitive capitalisation rate of 6%.

The building itself is a solid brick structure, showcasing a 2-storey design that has stood the test of time, being between 51 to 99 years old. The exterior is not only aesthetically pleasing but also durable, ensuring low maintenance for years to come. As you step inside, you'll find a well-thought-out layout with a total of 12 rooms, including four kitchens—two of which are additional kitchens—making this Multi-Family Home for sale in Hamilton an ideal choice for families or groups looking for ample space.

The property features a total of six bedrooms, with a mix of two 1-bedroom apartments, three 2-bedroom apartments, and one spacious 3-bedroom apartment. Each unit is designed with functional layouts and durable finishes, ensuring long-term tenant satisfaction. The living areas are generous, allowing for comfortable living, and the abundance of natural light creates a warm and inviting atmosphere.

While this Multi-Family Home for sale in Hamilton does not come with a family room or a fireplace, it does provide essential amenities such as coin-operated laundry facilities, which are always a hit with tenants. The property is unfurnished, allowing new owners to personalise the space to their liking. Additionally, the building is equipped with internet access, ensuring that all tenants can stay connected.

Parking is a breeze with available driveway space for up to six vehicles, making it convenient for both residents and guests. Although there is no garage space or central vacuum system, the property is connected to municipal water and sewer, which adds to its appeal. The heating is provided by a baseboard system, ensuring warmth during those chilly winter months.

Located at 253 Mohawk Road E, Hamilton, this Multi-Family Home for sale in Hamilton is not just a property; it's a gateway to a thriving community. The location is unbeatable, with easy access to public transportation, shopping, dining, and recreational areas. Whether you're looking to invest or seeking a new home, this property stands out as an exceptional choice.

The full basement apartment adds an extra layer of versatility to the property, providing potential for additional rental income or a space for personal use. However, it’s worth noting that there is no pool on the premises, which may be a consideration for those seeking outdoor amenities.

In summary, this Multi-Family Home for sale in Hamilton at 253 Mohawk Road E, Hamilton, presents an outstanding investment opportunity. With its strong rental income, prime location, and solid construction, it’s perfect for those looking to expand their property portfolio. Don’t miss out on the chance to acquire this high-performing asset with significant uplift potential. Whether you’re an experienced investor or just starting out, this property is sure to impress and deliver returns for years to come.

Hill Park is a charming residential area nestled in the city of Hamilton, offering a serene suburban atmosphere with picturesque views of the surrounding landscapes. This neighbourhood is characterised by its well-maintained parks and green spaces, making it an ideal location for families and outdoor enthusiasts alike. With a mix of modern homes and established properties, Hill Park boasts a friendly, welcoming vibe while providing convenient access to local amenities, schools, and transport links. The community is perfect for those seeking a peaceful retreat within easy reach of the vibrant city life that Hamilton has to offer.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various educational needs for families. Within a short distance of just 0.6 km, you will find Glenwood Elementary School and St. Michael Catholic Elementary School, both offering programs for grades JK to 8, with Glenwood being part of the Hamilton-Wentworth District School Board and St. Michael under the Catholic board. For older students, Sherwood Secondary School, located 3.7 km away, provides a solid secondary education with a school rating of 6.9, while St. Jean de Brebeuf Catholic Secondary School, 2.7 km from the property, offers a Catholic secondary education with a rating of 5. Additionally, Norwood Park Elementary School, just 0.8 km away, provides a French-language curriculum for grades 1 to 8, boasting a rating of 6.5. This diverse array of nearby schools ensures that families have access to quality education options in both English and French, making this property an excellent choice for those prioritizing educational opportunities for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 671 residents, with an average household size of 2.5 individuals. The demographic profile indicates a relatively mature community, with an average age of 39 years. The average household income stands at $75,500, although 14.4% of the population is classified as low-income. The housing market reflects an average property price of $600,000, and nearly half of the residents (49.56%) are single. Families with children represent 38.46% of households, indicating a significant presence of family units in the area. The community is diverse, with 18.85% of residents being immigrants. Renters make up a notable portion of the population at 41.82%, while condominiums constitute 5.45% of the housing stock. Educational attainment is high, with 51.89% of residents holding a college or university degree. However, a considerable segment of the population, 47.17%, is not actively participating in the labor force. This demographic snapshot reveals a vibrant community with a mix of families, singles, and a diverse population, contributing to the area's unique character and potential for growth.