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Listed price in listed location currency (CAD).
$2,599,900

1499

MLS® 40823176

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 7503 sqft
Garage 
Taxes $21,695
Days Active 34
Lot Size 
Approx. Age 1960
Avg. Price Per Sqft $346
MLS® Number 40823176

Property Address: 1254 Fennell Ave E, Hamilton, ON, L8T1T4

Average square foot calculated using Size range provided by listing agent.

Description

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 $126, 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.
MLS® Number40823176
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1960
BasementFull, Finished
DrivewayAsphalt
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $2,599,900

Virtually Rendered
For Sale · 34 days

$2,599,900

MLS® 40823176

A month ago

Not Sold Yet

April 2026, For Sale for $2,599,900

Virtually Rendered
For Sale · 34 days

$2,599,900

MLS® 40823176

A month ago

Not Sold Yet

August 2025, Canceled for $2,149,000

Canceled · 327 days

$2,149,000

MLS® XH4193338

9 months ago

Canceled on Aug 21, 2025

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