$1,100,000
For sale: Multiplex

This exceptional duplex property offers a unique combination of immediate rental income and outstanding future development potential. Situated on an expansive oversized lot measuring approximately 87 ft x 150 ft, this property is truly a "diamond in the rough" for investors, builders, and families alike. Currently tenanted, the property generates strong cash flow, with opportunities to further enhance its income potential through strategic improvements. This multi family home with tremendous potential, requiring some TLC and creative remodeling ideas to unlock its full value. Prime Location: Ideally located in the heart of Stoney creek, a major intersection and surrounded by thriving commercial plazas, places of worship, schools, and essential community amenities. Development Potential: Positioned in a high-traffic, high-visibility area, this property presents numerous possibilities for future redevelopment or expansion, subject to applicable approvals. A must-see property with endless potential, waiting for your vision and creativity. Don't miss this rare opportunity to secure a valuable asset in one of Stoney Creek's most desirable and growing locations.
Sold data
Multiplex homes in Hamilton (Stoney Creek) took a median of 42 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 87 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 114 days.
The median sale price was $769,900.
Homes sold for about 3.4% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 87 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Hamilton (Stoney Creek) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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