$825,000
For sale: Multiplex

The loveliest Victorian in one of Hamilton's most cherished neighbourhoods. Nestled in Kirkendall and bordering the Historic Durand neighbourhood, this triplex presents an exceptional opportunity to diversify your portfolio and invest in a timeless asset. All three units are above grade and currently occupied by A+++ tenants. The main floor offers a thoughtfully designed 1-bedroom suite featuring a spacious living room, high ceilings, separate dining room/den, 4pc bath, spacious kitchen, and walkout to a private 204 sq. ft. deck. The second-floor 1-bedroom unit is filled with natural light, and features a large combined living and dining area with decorative fireplace, plenty of storage in kitchen, and walkout to a 161 sq. ft. deck, an updated shower, high ceilings, and abundant Victorian charm. The third-floor 1-bedroom suite with living room and well-sized kitchen offers its own private deck with lovely westerly views. This 2.5-storey all-brick Victorian offers three outdoor decks, a rear fire escape, shared laundry, storage and utility space in the basement, and parking for three vehicles at the rear. Minimal exterior maintenance makes this an attractive option for busy investors, with original slate roof on the main structure and shingles on the rear addition. Ideally located within walking distance to Locke Street South shops, restaurants, cafés, parks, trails, excellent schools, and the Hamilton GO Centre, with easy cycling to McMaster University and close proximity to Hamilton's major hospitals. Building records dated April 8, 2019 indicate the recognized use as a three-family dwelling. Vendor advises that all City and Fire Department work orders have been completed to the satisfaction of the applicable inspectors. A rare opportunity to own a character-filled income property in one of Hamilton's most sought-after neighbourhoods. Come and see what all the fuss is about.
Sold data
Multiplex homes in Hamilton (Kirkendall) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 67, across 84 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 128 days.
The median sale price was $759,950.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 84 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 (Kirkendall) 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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