$3,599,000
0 bd • 0 ba • 10083 sf • Multifamily
547-549 Main Street E
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$3,599,000
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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
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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
5 Days
MLS® Number
40776981
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®

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Amortization
25 Years
Interest Rate
4.09%

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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
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Martinus Geleynse
Cell:
905.537.4819
Office:
647-873-3999
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