Home with brick exterior material, building for 261 Mohawk Rd, Hamilton Ontario L9A 2H5
2 days on Market

261 Mohawk Rd, Hamilton, Ontario L9A 2H5

Townhouse
-
6
~3371 sqft
$1,699,000
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Townhouse
-
6
~3371 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$504/sqft

Est. Mortgage$7,296/mo

Tax Amount (2024)$6,121/yr

Days On Market2 days


Description

Located in one of the most sought-after neighbourhoods, this well-maintained 6-unit multiplex offers a prime opportunity for investors looking for consistent income in a high-demand area. With a total annual rental income exceeding $90,000, this property boasts a strong return on investment. The solid brick building features two 1-bedroom apartments and four 2-bedroom apartments, each designed with functional layouts, durable finishes, ensuring long-term tenant satisfaction. 50% of the apartments have been renovated! Each unit enjoys spacious living areas, ample natural light, and access to nearby amenities, making this building highly desirable. With its unbeatable location close to public transportation, shopping, dining, and recreational areas, this building stands out as an exceptional investment in a thriving community. The solid brick construction and updates including new roof shingles in 2015 and new security system in 2020, provide stability and low maintenance, while the current rental income offers immediate cash flow. Don’t miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~3371 SqFt
Lot Size-
Parking Spaces6
MLS ®Number40691654
Community NameBruleville
Data SourceITSO
Listing byThe Agency

Features

Heating: Radiant
Cooling: Other

Features

Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property History

Jan 20, 2025
ListedActive
$1,699,000
2 days on market
history photo preview11
Listing by itso®
Property listed by The Agency, Brokerage

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Population and Demographics

Overview

Total population 3394
Average household income $100,276

Age (%)

0 to 19
23%
65 and plus
22%
50 to 64
19%
20 to 34
19%
35 to 49
18%

Household composition (%)

Single family
63%
Single person
33%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
75%
Arabic
5%
Assyrian Neo-Aramaic
4%
Italian
3%
Others
3%
Spanish
2%
Tagalog (Pilipino, Filipino)
2%
Portuguese
2%

House tenancy (%)

Owners
54%
Renters
46%

Schools and amenities

Estimated Budget