16 WEST AVENUE S, Hamilton, Ontario, L8N 2S1

MLS® # X12739520

Investment For Sale In Stinson, Hamilton, Ontario

$6,795,000

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16 West Avenue S, Hamilton, ON - Outdoor With Facade

16 West Avenue S, Hamilton, ON - Outdoor With View

16 West Avenue S, Hamilton, ON - Outdoor

16 West Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

16 West Avenue S, Hamilton, ON - Indoor Photo Showing Bathroom

16 West Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen

16 West Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen

16 West Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

16 West Avenue S, Hamilton, ON - Photo Showing Other Room

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16 WEST AVENUE S, Hamilton, Ontario, L8N 2S1

$6,795,000

Property Information:

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. (id:27)