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Hamilton, ON, L8N2S1 • Stinson • Hamilton Division
$360/sqft
26Beds
18,879Sqft
0.43 acLot
1869Built
Character Home
Built 1869 · 157 years of history
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75 days on market
Established listing
$360/sqft
Price per square foot
Multi Family · Built 1869 · Historic
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 $314,276 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.
Standout features identified
Our analysis highlights soaring ceilings and dramatic stained-glass windows as key attractions of this home.
Based on current rates
Est. 6.75% rate · 30yr fixed · $5,436,000 loan
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Hamilton, ON, L8N2S1
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Hamilton, ON • Hamilton Division
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