16 West AVE S, Hamilton, ON L8N 2S1
16 West AVE S, Hamilton, ON L8N 2S1
16 West AVE S, Hamilton, ON L8N 2S1
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Othen Group

+1(647) 296-5605
$6,795,000
Est. payment /mo
26 Beds
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Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Stinson

MLS Listing ID X12739520

Style 2-Storey

Bedrooms 26

Annual Tax Amount $56,771

Tax Year 2025

Property Sub-Type Multiplex

Property Description

An exceptional opportunity to acquire a truly one-of-a-kind heritage asset in the heart of Downtown Hamilton. 16 West Ave S is a stunning converted church, thoughtfully transformed into a loft-style apartment building in 2022, seamlessly blending historic character with modern functionality. Featuring soaring ceilings, dramatic stained-glass windows, and architectural details rarely found in today's market, the property comprises 18,879 SF with 19 fully occupied units, offering an ideal unit mix of 2 bachelor suites, 10 one-bedrooms, 5 two-bedrooms, and 2 three-bedrooms, complemented by 19 surface parking spaces. The asset is fully stabilized, generating approximately $313,205 in Net Operating Income, providing immediate, predictable cash flow. The property further benefits from highly attractive assumable financing at a fixed 3.72% interest rate extending to 2032. This below-market debt materially enhances returns and offers a significant advantage in today's rate environment. Perfectly positioned steps to shops, restaurants, theatres, and everyday amenities, and just moments from the Hamilton GO Station for seamless access along the GO Transit line, this central location is unmatched. Situated in a thriving urban core anchored by McMaster University and major professional sports franchises including the Hamilton Tiger-Cats and Toronto Rock, this is a rare, turnkey investment combining strong income fundamentals, irreplaceable character, and long-term upside.

Location

Province ON

County Hamilton

Area Hamilton

Zoning D1

Rooms

Basement Full, Partially Finished

Kitchen 19

Interior

Interior Features None

Cooling Central Air

Exterior

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 19

Building

Building Age 100+

Foundation Unknown

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16 West AVE S