$689,900
For sale: Multiplex

Welcome to 62 Barnesdale Ave S, a legal non-conforming triplex in Hamilton’s sought-after Stipley South neighbourhood. With two of three units vacant, investors can set market rents from day one, or owner-occupiers can live in one unit and let the others help pay the mortgage. Projected gross rent of $62,000+ per year, with Unit 3 tenanted. Major updates are done: new roof and windows (2024), updated electrical and plumbing (2015), units renovated in 2017, and a new flat roof over the fire escape (2023). Features include 3 bathrooms, forced-air heating with central A/C, shared laundry, parking for 4 cars, and a full backyard. Close to transit, Gage Park, Ottawa Street, and everyday amenities. A turnkey opportunity for investors and first-time buyers alike.
Sold data
Multiplex homes in Hamilton took a median of 38 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 64, across 89 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 108 days.
The median sale price was $769,900.
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 25% of sellers reduced their price before finding a buyer.
Based on 89 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.
Currently for sale

$699,000
Detached78 CROMWELL CRESCENT, Greenford, Hamilton

$689,000
Semi-Detached/Link58 ATHENIA DRIVE, Stoney Creek Mountain, Hamilton

$675,000
Detached84 MOUNT PLEASANT DRIVE, Templemead, Hamilton

$699,900
Detached14 - 78 PEACHWOOD CRESCENT, Stoney Creek, Hamilton

$599,000
Detached117 WEST 5TH STREET, Southam, Hamilton

$729,000
Townhouse161 FREEDOM CRESCENT, Mount Hope, Hamilton

$725,000
Detached92 SCENIC RIDGE Gate, 2107 - Victoria Park, Paris

$849,000
Detached18 SABLE DRIVE, Meadowlands, Hamilton