1254 Fennell Avenue E Hamilton, Ontario L8T 1T4
$2,599,900
Positioned in one of Hamilton Mountain's most sought-after pockets, this clean and well-managed 9-unit apartment building offers a turnkey investment opportunity with stable income and long-term upside. Ideally located just steps to the brow, transit, and everyday amenities, the property consistently attracts quality, reliable tenants drawn to both convenience and lifestyle. The building features a strong and desirable unit mix including six 2-bedroom units, two 1-bedroom units, and one bachelor suite-appealing to a broad tenant demographic. Nine surface parking spaces provide added convenience and value for residents. With separate hydro meters, operational efficiency is enhanced while keeping expenses predictable. Pride of ownership is evident throughout, with a solid maintenance history including a boiler replacement (2011) and a brand new roof (2025). Terrazzo flooring in the stairwells adds a durable, classic touch to the common areas. The property benefits from low vacancy and steady performance, generating a net income of $124,077.08 and a 4.85% cap rate. This is an excellent opportunity for investors seeking a well-located, income-producing asset in a high-demand rental market. Proforma available upon request. Limited in-person viewings (1-2 units) prior to accepted offer, subject to availability. (id:50787)
Property Details
| MLS® Number | X13065096 |
| Property Type | Multi-family |
| Community Name | Huntington |
| Amenities Near By | Park, Public Transit, Schools |
| Equipment Type | Water Heater |
| Parking Space Total | 9 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 9 |
| Bedrooms Above Ground | 14 |
| Bedrooms Total | 14 |
| Age | 51 To 99 Years |
| Amenities | Separate Heating Controls |
| Appliances | Dryer, Stove, Two Washers, Refrigerator |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Other |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 150 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 150 Ft |
| Size Total Text | 50 X 150 Ft |
| Zoning Description | E |
https://www.realtor.ca/real-estate/29680922/1254-fennell-avenue-e-hamilton-huntington-huntington
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April 30 2026 09:18:08
Toronto Regional Real Estate Board
RE/MAX Escarpment Realty Inc.