LiveMLS 40856987CMHC / MLI Select

119 OTTAWA Street N · 9-unit multifamily

Hamilton, ON · 9-unit multifamily · 9 units

$1,275,000listed

Price at 5.75% cap

Hamilton market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inGoes to the AssetAvenue team. We reply by email, usually within a business day.View on Realtor.caLast seen on Realtor.ca Oct 11

What this listing is

119 OTTAWA Street N is a 9-unit multifamily in Hamilton, ON, asking $1,275,000 — $141,667 per door.

That sits below the Hamilton band of $230k - $390k per door. Hamilton cap rates screen 4.7% - 6.1% and average rent runs about $2,050 a door.

At 9 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

The Hamilton desk underwrites vacancy at 3% - 4.5% and operating expenses at 33% - 43% of gross rent.

Asking price: $1,275,000
Units: 9 units
Property type: 9-unit multifamily
Location: Hamilton, ON
Price per door: $141,667
Hamilton cap band: 4.7% - 6.1%
Hamilton average rent: $2,050

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the price at a 5.75% cap — opens with a free account.

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