267 Catharine Street N

Attention all investors! If you’re on the lookout for a fantastic opportunity, look no further than this Multi-Family Home for sale in Hamilton , located at 267 Catharine Street N, Hamilton. This impressive 5-plex building is a real gem, offering a combination of residential and commercial potential that’s hard to come by. With its prime location at the corner of Barton and Catharine, this property boasts excellent street presence, making it an attractive option for both tenants and business owners alike.

As you step into this Multi-Family Home for sale in Hamilton, you’ll notice the versatility it offers. The main floor features a vacant retail or office space, perfect for a new business venture or as a rental opportunity. Additionally, there’s a one-bedroom apartment and a bachelor apartment on the main floor, providing further options for generating income. The second level houses two one-bedroom apartments, one of which is currently vacant, allowing for immediate rental income potential. The building is in great shape, and the current tenants are reliable, paying their rent on time, which is a significant plus for any investor.

At 267 Catharine Street N, Hamilton, the property is equipped with three bathrooms, ensuring convenience for all tenants. Although there’s no designated family room or additional kitchens, the existing layout is functional and well-suited for a multi-family living arrangement. The absence of a central vacuum system and air conditioning may seem like drawbacks, but the forced air heating powered by natural gas keeps the property warm and comfortable during those chilly months.

Parking is a breeze at this Multi-Family Home for sale in Hamilton, with space for up to ten vehicles on the outside surface driveway. This is particularly beneficial for tenants, especially given the high demand for parking in urban areas. The property also offers additional income from rented parking spots, which can significantly enhance your return on investment.

The lot measures a generous 66 by 78 square feet, providing ample space for the building and parking facilities. While the basement is full and unfinished, it presents a blank canvas for potential future development or storage solutions. The property is connected to municipal water, ensuring a reliable supply, although there is no sewer connection noted.

Despite the lack of a pool and garage space, the appeal of this Multi-Family Home for sale in Hamilton lies in its location and income-generating potential. The building is situated in the 134 - Beasley North community, which is part of the larger Hamilton Centre area. This vibrant neighbourhood is known for its accessibility and proximity to various amenities, making it a desirable place for tenants.

In summary, this Multi-Family Home for sale in Hamilton at 267 Catharine Street N, Hamilton, presents an exceptional investment opportunity. With its mix of residential and commercial spaces, reliable tenants, and the potential for additional income, this property is a must-see for any serious investor. Don’t miss out on the chance to own a piece of Hamilton’s thriving real estate market. Act quickly, as opportunities like this don’t come around often!

With its strategic location, solid structure, and income potential, this Multi-Family Home for sale in Hamilton is truly a standout option. Whether you’re looking to expand your property portfolio or dive into the world of real estate investment, 267 Catharine Street N, Hamilton, is the place to be. Come and see for yourself what makes this property such a fantastic opportunity!

Beasley North is a vibrant and diverse neighbourhood located in the heart of Hamilton, Ontario. Characterised by its mix of residential and commercial spaces, this area offers a unique blend of urban living with a strong sense of local identity. You'll find tree-lined streets, charming parks, and a variety of amenities, including shops, cafes, and cultural attractions, all within easy reach. The community is well-connected by public transport, making it convenient for commuting to other parts of the city. With its welcoming atmosphere and rich tapestry of cultures, Beasley North presents an inviting environment for anyone looking to settle in Hamilton.

Schools in the Neighbourhood

This property is ideally located near a variety of educational institutions, making it a great choice for families. Within a short distance of just 0.5 km, you will find Bennetto Elementary School, which offers both English and French programs for grades JK to 8, boasting a school rating of 3.2. St. Lawrence CES, a Catholic elementary school, is also nearby at 0.7 km, providing English instruction for grades JK to 8 with a commendable rating of 5.1. For secondary education, Bernie Custis Secondary School is located 2.9 km away but has a low rating of 0, while Westdale Secondary School, rated 6.8, is 3.2 km from the property. Additionally, Cathedral CSS, a Catholic secondary school, is just 1.5 km away with a rating of 4.2. Other elementary options include Cootes Paradise Elementary and Norwood Park Elementary, both offering French programs, with Norwood Park achieving a higher rating of 6.4. Overall, this area offers a mix of public and Catholic schools, catering to various educational preferences and ensuring quality options for your children’s education.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 453 residents, with an average household size of 2.3 individuals. The demographic profile indicates a relatively mature community, with an average age of 39.2 years. The average household income stands at $85,000, although 23.6% of the population is classified as low-income. The housing market reflects an average property price of $580,000, with a significant portion of the community being renters, comprising 56.1% of households. Interestingly, 55.26% of residents are single, while 45.45% live in households with children, suggesting a diverse family structure. The area is also notable for its immigrant population, which makes up 38.89% of residents. Educational attainment is relatively high, with 43.62% of the population holding a college or university degree. However, a significant 42.55% of residents are not in the labor force, indicating potential challenges in employment opportunities. Notably, there are no condominiums in the area, which may influence housing options for potential buyers or renters. Overall, this demographic snapshot presents a vibrant yet economically diverse community with a mix of family dynamics and educational backgrounds.