$1,150,000
For sale: Multiplex

This Lynden triplex (single family home set up as 3 units) offers exceptional versatility for both BUYER'S & INVESTOR'S alike. Owner-occupiers can move into the vacant, ~1196 sq ft, 3-bedroom main-floor unit and enjoy rural living on 0.7 acres with an abundance of parking, and updated mechanicals-while over $3,400/month in existing rent significantly offsets carrying costs and leaves room for future upside. Investors will value the $6,100.00/month in income potential across a strong unit mix-renovated 2-bed ($1,979 + hydro), 1-bed ($1,429 inclusive), and a vacant 3-bed projected at $2,700 + hydro-supported by consistent rural tenant demand, low vacancy risk, and a turnkey, low-maintenance setup that delivers long-term stability.
Sold data
Multiplex homes in Hamilton (Lynden) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 114 days.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 (Lynden) 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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