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For Sale · Multifamily

147 EMERALD Street S, Hamilton

147 EMERALD Street S, Hamilton, ON L8N2V4

$989,900 total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

99%

Year Built

1900

About this property

Investor Opportunity in Prime Central Hamilton Stinson neighbourhood! This beautifully maintained Victorian-style fourplex offers the perfect blend of historic charm and modern convenience in a highly desirable location just below the escarpment. Each self-contained unit has been thoughtfully updated and well cared for, featuring in-suite washer and dryer unit 2-3, units 1/basement share laundry in the lower level, 4 hydro meters - Units 1-3 sep hydro, basement hydro on house meter all inclusive rentUnits 1-3 equip with split system wall unit AC, functional layouts, and character details that reflect the timeless architecture of the home.The property offers three surface parking spaces plus a detached double-car garage with hydro (newer automatic door), providing excellent convenience for tenants and additional potential uses for storage or workspace. Pride of ownership is evident throughout, making this a turnkey addition to any investment portfolio. Ideal for investors seeking strong long-term value or owner-occupants looking to live in a spacious, character-filled unit while generating rental income from the additional suites to help subsidize the mortgage. Located close to downtown amenities, transit, parks, and escarpment access, this property offers both lifestyle and investment appeal (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$990K
Down payment30% · $297K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$42K

Annual cash flow

$-13K

Cash-on-cash

-4.31%

DSCR

0.77

Going-in cap

4.25%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

83,576

Households

28,981

Median income

$107,500

Median age

33.8

Daytime population

135,489

5-yr growth

7.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 147 EMERALD Street S, Hamilton.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.