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16 WEST Avenue S

Stinson, Hamilton, L8N2S1

Listed by Real Broker Ontario Ltd.

$5,995,000

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  • 26 bedrooms
  • 0 bathrooms
  • 19 parking
  • 18879 sq ft

Listed 265 days ago · MLS® 40801471

About this home

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 $314,276 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. (id:66966)

Details

Type
Multi-family
Size
18879 sq ft
Basement
Partially finished, Full
Property tax
$56,771
Neighbourhood
Stinson
Municipality
Hamilton

Interior

Fireplace
No
Appliances
Microwave Built-in

Heating, cooling and services

Heating
Forced air, Natural gas
Air conditioning
Central air conditioning
Water and sewer
Municipal sewage system

Building and exterior

Year built
1869
Outdoor
Brick

Parking

Total parking
19
Driveway and parking
Open

Location

Location is approximate. See nearby homes on the map

Listed by Real Broker Ontario Ltd..

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