$1,990,900
For sale: Multiplex

Rare opportunity to acquire a 10.1-acre parcel at the corner of a high-traffic highway, offering exceptional visibility, strong frontage, and long- term upside. Located just minutes to the airport, this strategically positioned property is currently zoned primarily Agricultural and provides immediate income potential with future redevelopment or severance possibilities, subject to approvals. The property includes two versatile, freestanding buildings with separately metered units, offering flexibility for a range of uses such as residential, office, or service-related applications (subject to zoning). The buildings comprise a total of five self-contained units, all vacant, allowing a purchaser to establish market rents or occupy as required. The unit mix includes one one-bedroom unit and four two-bedroom units. With excellent access, a prominent corner location, and exposure along a major corridor surrounded by agricultural and service-commercial uses, this offering is ideal for investors, owner- operators, or buyers seeking land banking opportunities with income and future potential.
Sold data
Multiplex homes in Hamilton 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 114 days.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 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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