For Sale: 203 John Street N, Hamilton, ON - REW
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$499,000
5 bd 3 ba 1500 - 1999 sf Multifamily

203 John Street NHamilton, ON, L8L 4P4

Beasley
  • 5 Bed
  • 3 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal. (id:63626)
Listed by: KELLAN JAMES PANICCIA, Salesperson, PRIME REAL ESTATE BROKERAGE

Home facts and features

Price details
List Price
Gross Taxes for 2026
$3,526
Home facts
Bedrooms
5
Full Bathrooms
3
Parking Spaces
1
Parking Details
No Garage
Property Type
Multifamily
Depth
80.9 feet
Frontage
16.3 feet
Exterior Finish
Brick, Stucco
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Finished, Apartment in basement, Separate entrance, , ,
Features
Lane, Separate Electricity Meters
Appliances
Water Heater, Water meter
Community
Agent details
Primary Agent
Primary Broker
PRIME REAL ESTATE BROKERAGE
Listing details
Days on REW
30 Days
MLS® Number
X13094994
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Southern Ontario Collegiate
  • Private
  • 9 - 12
Dr. J. Edgar Davey Elementary Public School
  • Public
  • JK - 8
Bennetto Elementary School
  • Public
  • JK - 8
Sir John A Macdonald School
  • Public
  • 9 - 12
St. Lawrence Catholic Elementary School
  • Catholic
  • JK - 8
Hess Street Junior Public School
  • Public
  • JK - 8
Bronston Canadian Academy
  • Private
  • K - 12
Turning Point School
  • Public
  • 9 - 12
St. Patrick Catholic Elementary School
  • Catholic
  • JK - 8
Central Junior Public School
  • Public
  • JK - 5
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-05.