Address
16 West Avenue S, Hamilton, ON
Price
$ 6,495,000
Property Attributes
  • ID#X12739520
  • TypeMulti-Family
  • Listing Status Price Change
  • CityHamilton
  • AreaStinson
  • NeighbourhoodStinson
  • Postal CodeL8N 2S1
  • Style2-Storey
  • Taxes$ 56771
  • Price$ 6,495,000
  • Bedrooms26
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5000 +
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

An exceptional opportunity to acquire a truly one-of-a-kind heritage asset in the heart of Downtown Hamilton. 16 West Ave S is a stunning converted church, thoughtfully transformed into a loft-style apartment building in 2022, seamlessly blending historic character with modern functionality. Featuring soaring ceilings, dramatic stained-glass windows, and architectural details rarely found in today's market, the property comprises 18,879 SF with 19 fully occupied units, offering an ideal unit mix of 2 bachelor suites, 10 one-bedrooms, 5 two-bedrooms, and 2 three-bedrooms, complemented by 19 surface parking spaces. The asset is fully stabilized, generating approximately $313,205 in Net Operating Income, providing immediate, predictable cash flow. The property further benefits from highly attractive assumable financing at a fixed 3.72% interest rate extending to 2032. This below-market debt materially enhances returns and offers a significant advantage in today's rate environment. Perfectly positioned steps to shops, restaurants, theatres, and everyday amenities, and just moments from the Hamilton GO Station for seamless access along the GO Transit line, this central location is unmatched. Situated in a thriving urban core anchored by McMaster University and major professional sports franchises including the Hamilton Tiger-Cats and Toronto Rock, this is a rare, turnkey investment combining strong income fundamentals, irreplaceable character, and long-term upside.

Price History
1/29/2026 Listed $6,795,000
5/12/2026 5$6,495,000

General Features

Sewer Sewer
Cooling Central Air
Roof Asphalt Shingle
Architectural Style 2-Storey
Pool Features None
Construction Materials Brick
Heater Type Forced Air
Parking Spaces 19
Property Subtype Multiplex
Tax Year 2025
Lot Depth 122.0
PropertyFeatures Hospital,Place Of Worship,Public Transit,School
County Hamilton
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction South
Garage Y/N No
Status Price Change
City Hamilton
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 56771.38
Standard Status Active
Occupancy Type Tenant
Legal Description PLAN 223 LOT 16 TO 18

Interior Features

Interior Amenities None
Basement Full,Partially Finished
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 26
Elevator? No
Bedrooms 26
Living Area Range 5000 +

Exterior Features

Parking Features Available
Total Parking 19.0
Garage Type None
Foundation Details Unknown
Spa No
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L8N 2S1

Price
AVG $6.5M
$6.5M
Visits
AVG 1
255
Data Provided by Inside Real Estate®