1539-1547 BARTON STREET E, Hamilton (Homeside)
$2,988,000
For sale: Multiplex
- Property type
- Investment
- MLS®
- MLS® X14098962
- Neighbourhood
- Homeside
A strong opportunity to acquire a professionally managed 16-unit residential apartment property priced at a 6% cap rate; offering an attractive combination of strong current yield, stable operations and meaningful upside. The suite mix includes 14 two-bedroom apartments and two one-bedroom apartments, with approximately 11 of the 16 units updated to varying degrees by current ownership. Several remaining suites offer further renovation potential, while a number of existing rents - including some materially below market - provide clear opportunity for income growth over time. The property is a solid, relatively low-maintenance multi-residential asset with a substantial paved parking area at the rear. It has been professionally managed for years and offers buyers a straightforward addition to an existing residential portfolio. Located in the edge of Hamilton's east end, the property is surrounded by everyday amenities including grocery, shopping, restaurants, services and transit, with convenient access to the Red Hill Valley Parkway and QEW. The property delivers compelling in-place income with the added benefit of CMHC financing potential and multiple avenues for long-term value creation. For investors seeking scale, strong yield and embedded rental upside in a pure residential asset, this is a particularly attractive offering.
Sold data
Homes in Homeside — recent sold market
Homes in Homeside took a median of 24 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 46, across 77 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 42 days.
The median sale price was $469,500.
Homes sold for about 2.9% below asking on average, so there was room to negotiate.
About 18% of sales closed above the list price.
Around 30% of sellers reduced their price before finding a buyer.
- Median days to sell
- 24
- Median sale price
- $469,500
- Sale-to-list ratio
- 97.1%
- Sold above asking
- 18%
Based on 77 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
Schools in Hamilton (Homeside)
Hamilton (Homeside) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.
- Rated schools
- 130
- Elementary
- 108
- Secondary
- 22
- Average rating
- 5.6 / 10
Top-rated schools in Hamilton (Homeside)
- Corpus Christi — elementary, HamiltonFraser rating 10.0/10
- Norwood Park — elementary, HamiltonFraser rating 8.4/10
- Pope John Paul II — elementary, HamiltonFraser rating 8.0/10
- Our Lady of Lourdes — elementary, HamiltonFraser rating 7.3/10
- Westmount — secondary, HamiltonFraser rating 7.3/10
- Sacred Heart — elementary, HamiltonFraser rating 7.2/10
School ratings from the Fraser Institute's Ontario school report cards.
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