16 West Avenue S
Stinson, Hamilton, L8N 2S1
$5,995,000
Reduced $800,000 from $6,795,000
- 26 bedrooms
- 0 bathrooms
- 19 parking
- 5000 + sq ft
Listed 263 days ago · MLS® X12739520
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 $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.
Details
- Type
- Multiplex
- Style
- 2-Storey
- Age
- 100+ years
- Size
- 5000 + sq ft
- Lot
- 153 × 122 ft
- Basement
- Full, Partially Finished
- Garage
- None
- Kitchens
- 19
- Property tax
- $56,771 (2025)
- Neighbourhood
- Stinson
- Municipality
- Hamilton
Interior
- Bedrooms
- 26 above ground
- Rooms
- 19 above ground
- Family room or den
- No
- Fireplace
- No
Heating, cooling and services
- Heating
- Forced Air, Gas
- Air conditioning
- Central Air
- Water and sewer
- Sewer
Building and exterior
- Style
- 2-Storey
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Age
- 100+
- Faces
- South
Parking
- Total parking
- 19
- Driveway and parking
- Available
Lot
- Size
- 153 × 122 ft
More
- Possession
- Flexible
- Nearby
- Hospital, Place Of Worship, Public Transit, School
- Cross street
- Main St E
Living here
Short-term rentals
Only in your principal residence, with a City business licence (since December 2023).
Listed by REAL BROKER ONTARIO LTD..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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