A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for 261 Mohawk Rd, Hamilton Ontario L9A 2H2
13 hours on Market

261 Mohawk Rd, Hamilton, Ontario L9A 2H2

Townhouse
-
-
- sqft
$1,699,000
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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$7,296/mo

Tax Amount (2024)$6,858/yr

Days On Market13 hours


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 potential. Dont miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio.


Property Details

Style2-Storey
View-
Age of property31-50
SqFt-
Lot Size6,750 SqFt(135 x 50)
Parking Spaces6
MLS ®NumberX11933561
Community NameHill Park
Data SourceTRREB
Listing byTHE AGENCY

Features

Heating: Radiant
Cooling: Wall Unit
Basement: Part Fin

Features

Lot size: 6,750 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property History

Jan 20, 2025
ListedActive
$1,699,000
13 hours on market
history photo preview11
Listing by trreb®
Property listed by THE AGENCY, Brokerage

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Population and Demographics

Overview

Total population 3366
Average household income $102,806

Age (%)

20 to 34
24%
50 to 64
21%
65 and plus
19%
0 to 19
18%
35 to 49
18%

Household composition (%)

Single family
60%
Single person
33%
Multi person
6%
Multi family
1%

Mother tongue (%)

English
84%
Others
4%
Spanish
3%
Italian
2%
Arabic
2%
Tagalog (Pilipino, Filipino)
2%

House tenancy (%)

Owners
64%
Renters
36%

Schools and amenities

Estimated Budget