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← All Listings|For SaleMLS® 40823176

1254 Fennell Ave. E

Hamilton, Ontario

$2,599,900
Listed June 2, 2026
14
Bedrooms
9
Bathrooms
N/A
Rooms
Multi-family
Type
N/A
Lot
Open
Parking

Key Features

Cooling: None
Heating: Baseboard heaters
Basement: Finished, Full
Parking: Open
Living Area: 7,503 square feet
Directions: UPPER OTTAWA ST TO EAST ON FENNEL AVE E

Property 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. (id:64869)

Property Details

Home Snapshot
MLS® Number40823176
StatusFor Sale
Property TypeMulti-family
Bedrooms14
Bathrooms9
Living Area7,503 square feet
Listed2026-06-02
Condo Fees & Taxes
Property Taxes$21,695
Lot, Views & Setting
DirectionsUPPER OTTAWA ST TO EAST ON FENNEL AVE E
Construction & Systems
BasementFinished, Full
HeatingBaseboard heaters
CoolingNone
Water SourceMunicipal water
SewersMunicipal sewage system
Parking & Access
Parking Total9
Parking FeaturesOpen
Listing Timeline
Last UpdatedJun 2, 2026, 4:56 p.m.
BB
Barbara Beers
Broker

Royal LePage® Burloak Real Estate Services

Mortgage Calculator

$2,599,900
5.25%
$519,980
Est. Monthly Payment
Principal & Interest only
$12,464

Estimate only. Does not include property taxes, insurance, or fees. Actual rates may vary. Contact us for personalized mortgage guidance.

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Listing Brokerage: RE/MAX Escarpment Realty Inc.

Advertised By: Royal LePage® Burloak Real Estate Services

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