16 West Avenue, Hamilton, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Stinson. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $6,495,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 26 Bedrooms and 0 Bathrooms with 19 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 153 x 122 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 19.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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 $313,205 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.
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Property Summary
This multiplex located at 16 West Avenue, Hamilton is currently for sale and has been available on SousaSells for 193 days. This property is listed at $6,495,000 with an estimated mortgage of $21,619* per month. It has 26 beds, 0 bathrooms, and is 5000 + square feet. 16 West Avenue, Hamilton is in the Stinson neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 26 bedrooms and 0 bathroom, this home offers ample space and comfort for growing families in Stinson, Hamilton.
- •26 spacious bedroom layout offering versatile living space
- •5000 + sqft of generous functional square footage
- •Desirable Multiplex architecture in Stinson, Hamilton
Growing families needing multi-bedroom flexibility and space in Stinson, Hamilton.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Hospital
- Place Of Worship
- Public Transit
- School
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 16 West Avenue, Hamilton, ON
Q.What is the asking price for 16 West Avenue, Hamilton, ON ?
The current listing price for 16 West Avenue, Hamilton, ON in Stinson, Hamilton is $6,495,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 26 bedrooms and 0 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 16 West Avenue, Hamilton, ON ?
16 West Avenue, Hamilton, ON is a Multiplex (2-Storey) featuring a Full, Partially Finished basement.
Q.What key property features does 16 West Avenue, Hamilton, ON offer?
Key property features include: Hospital, Place Of Worship, Public Transit, School.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 19.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 16 West Avenue S, Hamilton, ON L8N 2S1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $6,495,000 in Hamilton, the legal minimum down payment is $1,299,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $148,850 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $148,850.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.