49 West Avenue N

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Hamilton ! Nestled at 49 West Avenue N, Hamilton, this fully renovated legal triplex is not just a property; it’s a golden ticket to a steady income stream. With a strong cap rate of 6.4%, it’s a rare find in the bustling Landsdale community.

This multiplex boasts three self-contained one-bedroom units, making it perfect for those who want to maximise their rental income. Each unit is equipped with separate hydro meters and in-suite laundry, ensuring convenience for tenants. The property was completely updated in 2017, so you can rest easy knowing that everything from the windows and doors to the roof and wiring has been modernised. The LED lighting and appliances are all new, and the upgraded drainage and interlocking paving add to the overall appeal of this Multi-Family Home for sale in Hamilton.

One of the standout features of this property is the new boiler installed in 2024, alongside a hot water tank that was updated in 2017. These upgrades mean you won’t have to worry about major repairs for quite some time. The property is set on a generous lot measuring 32 X 122 feet, providing ample space for future development potential. Whether you choose to live in one unit and rent out the others or lease all three for solid cash flow, the flexibility is undeniable.

The main floor unit will be vacant, which is ideal for owner-occupiers or savvy investors looking to move in. Imagine the possibilities! You could enjoy living in a modern, fully updated space while earning rental income from the other units. This Multi-Family Home for sale in Hamilton is truly a rare opportunity, especially given its prime location.

Located at 49 West Avenue N, Hamilton, this property is situated in a growing area that’s close to transit, downtown, and a variety of amenities. The Landsdale community is known for its vibrant atmosphere and accessibility, making it an attractive spot for tenants. The family room within the property adds a lovely touch, providing a space for relaxation and socialising.

While this home does not come with a pool or fireplace, it compensates with its central air conditioning, ensuring comfort throughout the warmer months. The property is unfurnished, giving you the freedom to style each unit according to your taste or that of your future tenants. Additionally, with three parking spaces available and a private driveway, your tenants will appreciate the convenience of off-street parking.

The unfinished basement presents an opportunity for further development or storage, allowing you to customise the space to suit your needs. While there’s no central vacuum system, the property is connected to municipal water and sewer, which simplifies maintenance and management.

In summary, if you’re searching for a Multi-Family Home for sale in Hamilton, 49 West Avenue N, Hamilton is a standout option. With its strong income potential, modern updates, and prime location in the Landsdale community, this property is a must-see. Don’t miss out on this chance to own a fully modernised triplex that offers both flexibility and the potential for growth. Whether you’re an investor looking to expand your portfolio or someone wanting to live in one unit while renting out the others, this property ticks all the boxes. Come and see for yourself what this amazing opportunity has to offer!

Landsdale, nestled within the vibrant city of Hamilton, is a charming suburban enclave that offers a delightful blend of tranquillity and accessibility. Characterised by its tree-lined streets and well-maintained parks, this community is ideal for families and individuals seeking a peaceful lifestyle while remaining close to urban amenities. Residents enjoy easy access to local shops, schools, and recreational facilities, all within a short drive or pleasant walk. The area's diverse housing options cater to various preferences, making it an attractive choice for those looking to settle in a welcoming and picturesque environment. With its strong sense of community spirit and proximity to Hamilton's bustling city centre, Landsdale presents an appealing option for prospective residents.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is St. Patrick CES, a Catholic elementary school just 0.2 km away, offering grades JK to 8, although it has a low school rating of 0. Dr. J.E. Davey Elementary School, another public option, is only 0.4 km from the property, providing English instruction for grades JK to 8 with a rating of 3.6. For younger students, Bennetto Elementary School (1.5 km) offers French instruction for grades 1 to 4 and has a rating of 3. Norwood Park Elementary School, located 3.2 km away, also provides French instruction for grades 1 to 8 and boasts a higher rating of 6.5. Secondary education options include Bernie Custis Secondary School (2.2 km) with a rating of 1.9, and Westdale Secondary School (3.6 km) with a better rating of 6. Cathedral CSS, a Catholic secondary school, is 0.8 km away and has a rating of 3.1. Overall, the area offers a mix of public and Catholic schools, catering to various educational needs.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 381 residents and an average household size of 2.2. The average age of residents is 37 years, indicating a relatively young population. The average household income stands at $66,000, with 18.5% of the population classified as low-income. The real estate market reflects a median home price of $500,000, suggesting a moderately priced housing environment. A significant portion of the community, 56.92%, is single, while 33.33% of households include children, highlighting a mix of family dynamics. The area is home to a diverse population, with 23.26% of residents being immigrants. Renters comprise a substantial majority at 58.97%, and there are no condominiums available in the area. Educational attainment is notable, with 36% of residents holding a college or university degree. However, a considerable portion of the population, 37.33%, is not in the labor force, which may indicate challenges in employment opportunities. Overall, this community presents a blend of youthful energy, diverse backgrounds, and varying economic circumstances.