1254 Fennell Ave E - Apartments FOR SALE


Hamilton, ON L8T 1T4- Mountain D
$2,599,900 CAD
905-308-6328
1254 Fennell Ave E, Hamilton, ON for Sale
$2,599,900 CAD
Apartments - FOR SALE
1/23
null | 4.85% Cap Rate

1254 Fennell Ave E
Hamilton, ON L8T 1T4
Mountain D


OVERVIEW

Positioned in one of Hamilton Mountain’s most sought-after pockets, this clean and well-managed 9-unit apartment building offers a turnkey investment opportunity with stable income and long-term upside. Ideally located just steps to the brow, transit, and everyday amenities, the property consistently attracts quality, reliable tenants drawn to both convenience and lifestyle. The building features a strong and desirable unit mix including six 2-bedroom units, two 1-bedroom units, and one bachelor suite—appealing to a broad tenant demographic. Nine surface parking spaces provide added convenience and value for residents. With separate hydro meters, operational efficiency is enhanced while keeping expenses predictable. Pride of ownership is evident throughout, with a solid maintenance history including a boiler replacement (2011) and a brand new roof (2025). Terrazzo flooring in the stairwells adds a durable, classic touch to the common areas. The property benefits from low vacancy and steady performance, generating a net income of $126,077.08 and a 4.85% cap rate. This is an excellent opportunity for investors seeking a well-located, income-producing asset in a high-demand rental market.

FOR SALE DETAILS

PRICE

$2,599,900 CAD

PRICE/SF

$347 CAD /SF

# OF UNITS

9

PRICE/UNIT

$288,878

CAP RATE

4.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Driftwood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

9

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

251806056100340

ASK ABOUT THIS PROPERTY

Alexandra BorondyRe/Max Escarpment RealtyMore Info
905-308-6328

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Alexandra BorondyRe/Max Escarpment RealtyMore Info
905-308-6328

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.