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16 WEST Avenue S, Hamilton — listed at $5,995,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
What makes this a luxury property?+
At $5,995,000, standout features include 18879 sq ft. In this price range, expect higher-end finishes — verify during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $56,771.38, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Partially finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
This home was built in 1869 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
Is 16 WEST Avenue S a good fit for a growing family?+
With 26 bedrooms and 0 bathrooms (18879 sq ft), there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 26 bedrooms and 0 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
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