$3,599,000
0 bd • 0 ba • 10083 sf • Multifamily
547-549 Main Street E
Street ViewDirections
$3,599,000
Get pre-approved

547-549 Main Street EHamilton, ON, L8M 1H9

Gibson
  • 0 Bed
  • 0 Bath
  • 10083 Sqft
  • Multifamily

About this home

An exceptional opportunity to acquire a professionally managed, income-producing property comprising 12 residential units across three buildings plus a developable lot — offering strong, reliable income today and meaningful potential for future growth. At the west side of the site, an attractive red-brick Victorian home has been gracefully converted into three suites, each blending classic architecture with modern comfort. Two units showcase period details and generous layouts, while the top-floor studio has been fully renovated with contemporary finishes. Adjacent to the Victorian stands a purpose-built 9-unit apartment building, combining solid construction, bright, spacious suites, and timeless appeal. Many of the residences have been thoughtfully updated, and both buildings have been exceptionally well maintained. At the rear, a four-bay cinderblock garage provides additional income flexibility, alongside a 12-car surface parking area accessed via a City laneway. The property enjoys a healthy rent roll with rates generally aligned to current market levels, reflecting stable, long-term tenancies and well-managed operations. At the asking price, the asset offers an attractive ~5.84% cap rate, illustrating both strength and sustainability of income. The eastern portion of the site adds a compelling development component. The Seller has completed substantial planning and design work to sever and construct up to 16 additional residential units. Conditional severance approval and key variances (for lot sizing, parking, and setbacks) was previously granted. A rare blend of strong in-place performance, development-ready upside, and enduring value, this offering stands out as one of Hamilton’s most compelling multi-residential investment opportunities — ideally suited for CMHC-insured financing or long-term portfolio growth.
Listed by: Martinus Dominicus Geleynse, Corcoran Horizon Realty

Home facts and features

Price details
List Price
$3,599,000
Get Pre-Approved
Gross Taxes for 2025
$27,276
Home facts
Bedrooms
0
Full Bathrooms
0
Property Type
Multifamily
Lot Size
106 ft x 137 ft (14606 ft²)
Depth
137.4
Frontage
106.3
Style
Heating Type
Radiator
Features
In-suite, Other, Separate Hydro Meters
Community
Agent details
Primary Agent
Primary Broker
Corcoran Horizon Realty
Listing details
Days on REW
6 Days
MLS® Number
40776981
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
4.09%

Connect with our mortgage partner

REW Money

REW Money

REW Money

Connect with a mortgage expert

Connect to a mortgage specialist

REW Money
REW Money

They will connect with you to understand where you are in your journey and how they can best guide you.

  • %
Name*
Email*
Phone*
Purchase City*
What best describes your current situation?
Loan Details
Amortization
Years
Mortgage Amount
Down Payment

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Cathedral High School
  • Catholic
  • 9 - 12
St. Patrick Catholic Elementary School
  • Catholic
  • JK - 8
St. Brigid Catholic Elementary School
  • Catholic
  • JK - 8
Cathy Wever Elementary Public School
  • Public
  • JK - 8
Sacred Heart of Jesus Catholic Elementary School
  • Catholic
  • JK - 8
Adelaide Hoodless Public School
  • Public
  • JK - 8
St. Ann (Hamilton) Catholic Elementary School
  • Catholic
  • JK - 8
George L Armstrong Public School
  • Public
  • JK - 8
Dr. J. Edgar Davey Elementary Public School
  • Public
  • JK - 8
Living Hope Christian School
  • Private
  • 9 - 12
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
Report Incorrect Info
Full Name*
Email*
Select School
Reason

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.
Thank You!
We really appreciate your help improving our home search experience. Our team will look into this issue as soon as possible.
Close

Cities near Gibson

Neighborhoods near Gibson

Call Agent
Martinus Geleynse
Cell:
905.537.4819
Office:
647-873-3999
Share this Property
Text Message
Share this Property
Recipient Email Address*
Your Name
Your Email Address*

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.