1831 MAIN STREET W, Hamilton (Ainslie Wood)

$1,399,000

For sale: Other

Other at 1831 MAIN STREET W, Hamilton (Ainslie Wood)
Property type
Store W Apt/Office
MLS®
MLS® X14121000
Neighbourhood
Ainslie Wood

Exceptional income-producing mixed-use investment opportunity in Hamilton! This approximately 6,300 sq. ft. property features six residential units alongside commercial space, offering diversified income potential. The investment analysis projects $184,640 in annual gross income, $116,435 in annual net operating income (NOI), and an 8.32% capitalization rate. Further income potential includes an estimated $1,400 per month from a proposed basement rental unit, subject to applicable approvals, as well as an agreed $500 increase to the In Bloom commercial lease upon its May 2027 renewal. The property also offers 10 parking spaces, renovated residential apartments, and additional partial renovations in the basement. Conveniently located near public transit, parks, and local amenities, this property presents an attractive opportunity for investors seeking a mixed-use asset with diversified income streams and potential for increased returns.

Sold data

Homes in Ainslie Wood — recent sold market

Homes in Ainslie Wood took a median of 31 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 59, across 83 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $669,999.

Homes sold for about 4.3% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 27% of sellers reduced their price before finding a buyer.

Median days to sell
31
Median sale price
$669,999
Sale-to-list ratio
95.7%
Sold above asking
11%

Based on 83 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 (Ainslie Wood)

Hamilton (Ainslie Wood) 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 (Ainslie Wood)

  • 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.

Currently for sale

Homes for sale near 1831 MAIN STREET W