947 Main Street, Hamilton, ON

$1,699,000
MLS#:X13499426
7 beds
7 baths
3000-3500 sqft
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2 1/2 Storey multiplex located in the coveted neighborhood of Stipley. Expertly crafted featuring premium shingle construction, this residence presents an exceptional opportunity offered at $1,699,000 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.

  • 7 Bedrooms and 7 Bathrooms with 7 functional kitchens
  • Generous living space spanning 3000-3500 sqft on a premium 46.33 x 90 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater
  • equipped with wall unit(s) central cooling and highly efficient radiant heating via other

Description

A Rare and exceptional downtown Hamilton investment opportunity not to be missed! This meticulously owner-operated 7-unit building comprising all self-contained one-bedroom units has been maintained since 2008 and underwent a complete gut renovation across every floor, delivering a truly turnkey asset in clean, move-in ready condition. Spanning approximately 4,580 sq ft across four levels (basement 1,425 sq ft main 1,689 sq ft 2nd 1,061 sq ft 3rd 405 sq ft), the property features comprehensive 2 lb spray foam insulation across all levels, in-floor heating throughout, a German boiler system that efficiently serves both building heat and hot water, a single garage with side door, separately metered hydro for 5 of 7 units, parking for 5 vehicles, and additional laundry income. What truly sets this property apart is its coveted C2 zoning, opening the door to a commercial component on the main floor - whether a boutique retail shop, café, professional office, or personal service use - while the live-work opportunity allows an owner-occupant to run their business from the ground floor while residing above, dramatically reducing overhead and maximizing lifestyle flexibility. Positioned in an excellent central downtown location with outstanding visibility along a high-traffic corridor, this building benefits from strong daily foot traffic, exceptional signage exposure, and effortless access to Hamilton's vibrant amenities, restaurants, and transit routes. A true turnkey investment with significant upside, and opportunities like this are few and far between!

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Key Features

Bedrooms
7
Bathrooms
7
Kitchens
7
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date6/29/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
Architectural Style2 1/2 Storey
ConstructionShingle
BasementFinished
Lot Size46.33 × 90 Feet
CountyHamilton
Annual Tax$12,615
Legal DescriptionLT 196, PL 506 ; PT LT 197, PL 506 , AS IN CD307169 ; HAMILTON

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeDetached

Heating & Cooling

Heat SourceOther
Heat TypeRadiant
CoolingWall Unit(s)

Features

Property Features

Interior Features

Water Heater

Security Features

Community Features

Location

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947 Main Street, Hamilton, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 947 Main Street E, Hamilton, ON L8M 1M9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Hamilton.

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Interest Rate5.25%
Down Payment$339,800 (20.0%)
* Minimum Canadian down payment required for this price is $339,800.
Amortization Period25 Years
Estimated Monthly Payment$8,100Based on a loan of $1,359,200 over 25 years.
Purchase Price$1,699,000
Loan Amount$1,359,200
Provincial Land Transfer Tax:$30,455
Total Estimated Closing Taxes:$30,455

About Purchasing a Home in Hamilton, ON

For a property listed at $1,699,000 in Hamilton, the legal minimum down payment is $339,800 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 $30,455 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 $30,455.

Nearby Listings

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No current listings found in Hamilton.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Stipley, Hamilton.

Verified Local Data
City Population785,184
City Median Age41.6 Yrs
City Ownership69% Owners
Avg Area List Price$657,069

People & Families

Age Distribution

Household Composition

One-person households
27%
Families with children
45%
Couples without children
27%
Other households
1%

Top Ethnic Origins

English21%
Scottish17%
Irish16%
Canadian13%

Local Schools Guide

Elementary Schools

Prince of Wales
Public77 Melrose Avenue North, Stipeley, Hamilton, Ontario, L8L 6X4
3.9
St Ann's
PublicSherman Avenue North, Stipeley, Hamilton, Ontario, L8L 0B8
5.6
Adelaide Hoodless
Public71 Maplewood Avenue, Blakeley, Hamilton, Ontario, L8M 1W7
6.8
Holy Name of Jesus
Public181 Belmont Avenue, Crown Point West, Hamilton, Ontario, L8L 7M5
4.0
Notre-Dame
Public400 Cumberland Avenue, Blakeley, Hamilton, Ontario, L8M 2A2
3.8

Secondary Schools

Bernie Custis
Public1055 King Street East, Stipeley, Hamilton, Ontario, L8M 1C3
2.2
Cathedral
Public30 Wentworth Street North, Gibson, Hamilton, Ontario, L8L 8H5
4.6

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied69%
Rented31%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.